PART 7ENACTMENTS RELATING TO SCOTLAND
CHAPTER Iprimary legislation
Solicitors (Scotland) Act 1980 (c. 46)
Meaning of “authorised insurer”223
1
Section 44 of the Solicitors (Scotland) Act 1980 (professional indemnity) is amended as follows.
2
In subsection (5), for the words “authorised insurer” to the end of paragraph (b) substitute—
an “authorised insurer” is—
- a
a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of general liability insurance;
- b
a person who has permission under Part 4 of that Act to effect or carry out contracts of insurance relating to accident, sickness, credit, suretyship, miscellaneous financial loss and legal expenses;
- c
an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of general liability insurance; or
- d
an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts relating to accident, sickness, credit, suretyship, miscellaneous financial loss and legal expenses;
3
After subsection (5) of section 44 insert—
6
The definition of “authorised insurer” in subsection (5) must be read with—
a
section 22 of the Financial Services and Markets Act 2000;
b
any relevant order under that section; and
c
Schedule 2 to that Act.