ICAEW professional indemnity insurance (PII) regulations: effective from 1st January 2021

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In Folder: Professional Indemnity Insurance Regulations

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ICAEW professional indemnity insurance (PII) regulations: effective from 1st January 2021

ICAEW regulations setting mandatory professional indemnity insurance requirements for members engaged in public practice, effective from 1 January 2021; includes scope, monitoring, terms of cover, minimum limits of indemnity, inability to obtain cover and the assigned risks pool, and the role and powers of the PII Committee and Joint Advisory Panel; provides additional guidance on compliance, claims handling, cost and level of cover, retroactive and run-off cover, and definitions; appendices list participating insurers and guidance on dispensation powers. (AI generated description)

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description: ICAEW regulations setting mandatory professional indemnity insurance requirements for members engaged in public practice, effective from 1 January 2021; includes scope, monitoring, terms of cover, minimum limits of indemnity, inability to obtain cover and the assigned risks pool, and the role and powers of the PII Committee and Joint Advisory Panel; provides additional guidance on compliance, claims handling, cost and level of cover, retroactive and run-off cover, and definitions; appendices list participating insurers and guidance on dispensation powers. (AI generated description)

title: ICAEW professional indemnity insurance (PII) regulations: effective from 1st January 2021

creator: ICAEW

subject: Practice regulation

subject: Practice management

subject: Wills and probate

subject: Legal issues

subject: Law

subject: Insolvency practice

subject: Insolvency

subject: Insolvency regulations

subject: Professional standards

subject: Accountants disciplinary process

publisher: ICAEW

date: 2021-01-01

type: Text

format: pdf

language: en

relation: Regulations

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