44 Professional indemnity
Solicitors (Scotland) Act 1980 (1980 c 46) | Legislation

44  Professional indemnity

(1)     The Council may make rules with the concurrence of the Lord President concerning indemnity for solicitors and former solicitors [and incorporated practices] against any class of professional liability, and the rules may for the purpose of providing such indemnity do all or any of the following things, namely—

(a)     authorise or require the Society to establish and maintain a fund or funds;

(b)     authorise or require the Society to take out and main-lain insurance with any person permitted under the Insurance Companies Act 1974 to carry on liability insurance business or pecuniary loss insurance business;

(c)     require solicitors or any specified class of solicitors [and incorporated practices or any specified class thereof] to take out and maintain insurance with any person permitted under the Insurance Companies Act 1974 to carry on liability insurance business or pecuniary loss insurance business.

(2)     The Society shall have power, without prejudice to any of its other powers, to carry into effect any arrangements which it considers necessary or expedient for the purpose of the rules.

(3)     Without prejudice

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