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.