SCHEDULES

SCHEDULE 11Licensing rules

Part 3Practice requirements

Indemnification arrangements and compensation arrangements

I119

1

For the purpose of giving effect to indemnification arrangements and compensation arrangements, licensing rules may—

a

authorise or require the licensing authority to establish and maintain a fund or funds;

b

authorise or require the licensing authority to take out and maintain insurance with authorised insurers;

c

require licensed bodies or licensed bodies of any specific description to take out and maintain insurance with authorised insurers.

2

In this paragraph “authorised insurer” has the same meaning as in section 64.