Limit of insurance cover. 2.1 Any one claim The sum insured for any one claim (exclusive of defence costs) must be, where the insured firm is a relevant recognised body or a relevant licensed body (in respect of its regulated activities), at least £3 million, and in all other cases, at least £2 million.
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Samples: Authority Agreement, www.sra.org.uk, www.sra.org.uk