The Legal Services Board is currently reviewing the SRA’s application for approval of the Qualifying Insurer’s Agreement 2010-11. The Law Society is pressing for the process to be completed quickly because some qualifying insurers are unwilling to give indicative quotes until it’s complete.
There is a fear that the the start of the professional indemnity insurance (PII) renewal period may as a consequence be delayed, creating more pressure at one of the most stressful times on the annual practice calendar.
For more Law Society news and guidance on PII follow this link.