06
[Subsidiary]
CAP. 159] Solicitors (Professional Indemnity)
(Amendment) Rules
[1986 Ed.
(4) Subject to paragraph (3), if such Principal referred to in paragraph (1) fails to show reasonable cause for not supplying particulars of the Gross Fee Income of the Practice or the other information in connection with the Practice, in accordance with paragraph (1) or (2)—
(a) such failure shall be an event of professional misconduct on the part of such Principal and the other partner or partners in such Practice as at the date of such failure; and
(b) without prejudice to any other power or remedy of the Society, the Council may apply to the Court for an order compelling such Principal or each of the other partners in the practice to show reasonable cause why they should not supply such particulars and information.
9.
(1) The Society shall be entitled to demand, sue for and recover in its own name as a debt due to the Society the amount of any premium, contribution or other payment payable in accordance with the terms of the Professional Indemnity Insurance Scheme from every Principal liable to pay the same or from the Firm in which he was a partner when the amount became due and payable.
(2) Notwithstanding the foregoing, if for any reason the Society shall fail or refuse to take any necessary action to recover from any Principal or Firm any amount due in accordance with the terms of the Professional Indemnity Insurance Scheme, Authorized Insurers shall be entitled, on giving to the Society not less than 14 days previous notice in writing in that behalf, to take such action in their own name.
10. (1) If any Principal liable to make payment under or in respect of the Professional Indemnity Insurance Scheme of any amount for which the Insured is not indemnified under such scheme without reasonable excuse fails to make payment of such amount on demand for payment of the same being made by the Society then such failure shall be an event of professional misconduct on the part of such Principal.
(2) A demand for payment of the amount referred to in paragraph (1) shall only be made by the Society after Authorized Insurers or their agent shall have given written notice to such Principal that payment of such sum is required by Authorized Insurers for payment into Court, or settlement, or satisfaction of judgment, on any claim and payment is not made within 14 days of such notice being given by Authorized Insurers or their agent to such Principal.
11. Every solicitor referred to in rule 5 agrees to waive the duty of confidentiality of the Panel Solicitor to such solicitor to the extent that the Panel Solicitor may report to the Council full details of any
06
[Subsidiary]
CAP. 159] Solicitors (Professional Indemnity)
(Amendment) Rules
[1986 Ed.
(4) Subject to paragraph (3), if such Principal referred to in paragraph (1) fails to show reasonable cause for not supplying particulars of the Gross Fee Income of the Practice or the other information in connection with the Practice, in accordance with paragraph (1) or (2)-
(a) such failure shall be an event of professional misconduct on the part of such Principal and the other partner or partners in such Practice as at the date of such failure; and
(b) without prejudice to any other power or remedy of the Society, the Council may apply to the Court for an order compelling such Principal or each of the other partners in the practice to show reasonable cause why they should not supply such particulars and information.
9.
(1) The Society shall be entitled to demand, sue for and recover in its own name as a debt due to the Society the amount of any premium, contribution or other payment payable in accordance with the terms of the Professional Indemnity Insurance Scheme from every Principal liable to pay the same or from the Firm in which he was a partner when the amount became due and payable.
(2) Notwithstanding the foregoing, if for any reason the Society shall fail or refuse to take any necessary action to recover from any Principal or Firm any amount due in accordance with the terms of the Professional Indemnity Insurance Scheme, Authorized Insurers shall be entitled, on giving to the Society not less than 14 days previous notice in writing in that behalf, to take such action in their own name.
10. (1) If any Principal liable to make payment under or in respect of the Professional Indemnity Insurance Scheme of any amount for which the Insured is not indemnified under such scheme without reasonable excuse fails to make payment of such amount on demand for payment of the same being made by the Society then such failure shall be an event of professional misconduct on the part of such Principal.
(2) A demand for payment of the amount referred to in paragraph (1) shall only be made by the Society after Authorized Insurers or their agent shall have given written notice to such Principal that payment of such sum is required by Authorized Insurers for payment into Court, or settlement, or satisfaction of judgment, on any claim and payment is not made within 14 days of such notice being given by Authorized Insurers or their agent to such Principal.
11. Every solicitor referred to in rule 5 agrees to waive the duty of confidentiality of the Panel Solicitor to such solicitor to the extent that the Panel Solicitor may report to the Council full details of any
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