Common use of MINIMUM TERMS AND CONDITIONS Clause in Contracts

MINIMUM TERMS AND CONDITIONS. 3.1 All Policies issued by the Insurer shall comply at all times with the Minimum Terms and Conditions in force at the date of inception of the relevant Policy. 3.2 Where a Policy is extended, renewed or replaced, the extended, renewed or replaced Policy shall comply at all times with the Minimum Terms and Conditions in force at the date of such extension, renewal or replacement. 3.3 The Insurer undertakes and agrees that in the event of any inconsistency between any Policy issued to a Firm and the Minimum Terms and Conditions in force at the date of inception, extension, renewal or replacement of the Policy, the Policy shall be construed or (where necessary) rectified so as to comply with the requirements of such Minimum Terms and Conditions, and further undertakes and agrees that any provision of any Policy issued to a Firm which is inconsistent with such Minimum Terms and Conditions shall be severed therefrom or shall be rectified to comply with such Minimum Terms and Conditions. 3.4 The Insurer shall issue, or shall procure to be issued, an online confirmation of coverage to the Law Society in respect of each Policy that it issues to a Firm for an Indemnity Period. The Insurer shall issue such confirmation through the Law Society’s online portal established for such purposes (details of which shall be provided by the Law Society from time to time). For any newly established Firm that has not yet been assigned a firm number, the Insurer shall issue, or shall procure to be issued a confirmation of coverage relating to each such newly established Firm the subject of a Policy issued by it in the form attached at Schedule 3 (as the same may be amended by the Law Society from time to time). The Insurer shall provide a confirmation to the Law Society in respect of each Policy in accordance with this clause 3.4 within three (3) Working Days of inception, extension, renewal or replacement of the relevant Policy. 3.5 The Insurer undertakes and agrees to be bound by any confirmation of coverage issued to the Law Society by any agent, broker or intermediary acting for or on behalf of or in the name of the Insurer, irrespective of any error or omission made by such agent, broker or intermediary in completing or submitting such confirmation of coverage and the Insurer agrees that it shall not instigate any actions or proceedings against the Law Society in an attempt to have such confirmation of coverage set aside or declared invalid or void. 3.6 The Insurer shall further issue a certificate of coverage to each Firm the subject of a Policy issued by it promptly following the inception, extension, renewal or replacement of the relevant Policy.

MINIMUM TERMS AND CONDITIONS. 3.1 All Policies issued by the Insurer shall comply at all times with the Minimum Terms and Conditions in force at the date of inception of the relevant Policy. 3.2 Where a Policy is extended, renewed or replaced, the extended, renewed or replaced Policy shall comply at all times with the Minimum Terms and Conditions in force at the date of such extension, renewal or replacement. 3.3 The Insurer undertakes and agrees that in the event of any inconsistency between any Policy issued to a Firm and the Minimum Terms and Conditions in force at the date of inception, extension, renewal or replacement of the Policy, the Policy shall be construed or (where necessary) rectified so as to comply with the requirements of such Minimum Terms and Conditions, and further undertakes and agrees that any provision of any Policy issued to a Firm which is inconsistent with such Minimum Terms and Conditions shall be severed therefrom or shall be rectified to comply with such Minimum Terms and Conditions. 3.4 The Insurer shall issue, or shall procure to be issued, an online confirmation of coverage to the Law Society in respect of each Policy that it issues to a Firm for an Indemnity Period. The Insurer shall issue such confirmation through the Law Society’s online portal established for such purposes (details of which shall be provided by the Law Society from time to time). For any newly established Firm that has not yet been assigned a firm number, the Insurer shall issue, or shall procure to be issued a confirmation of coverage relating to each such newly established Firm the subject of a Policy issued by it in the form attached at as Schedule 3 (as the same may be amended by the Law Society from time to time). The Insurer shall provide a confirmation ) to the Law Society in respect of each Policy in accordance with this clause 3.4 issued by the Insurer within three ten (310) Working Days of inception, extension, renewal or replacement of the relevant Policy. 3.5 The Insurer undertakes and agrees to be bound by any confirmation of coverage issued to the Law Society by any agent, broker or intermediary acting for or on behalf of or in the name of the Insurer, irrespective of any error or omission made by such agent, broker or intermediary in completing or submitting such confirmation of coverage and the Insurer agrees that it shall not instigate any actions or proceedings against the Law Society in an attempt to have such confirmation of coverage set aside or declared invalid or void. 3.6 The Insurer shall further issue a certificate of coverage to each Firm the subject of a Policy issued by it promptly following the inception, extension, renewal or replacement of the relevant Policy.

MINIMUM TERMS AND CONDITIONS. 3.1 All Policies issued by the Insurer shall comply at all times with the Minimum Terms and Conditions in force at the date of inception of the relevant Policy. 3.2 Where a Policy is extended, renewed or replaced, the extended, renewed or replaced Policy shall comply at all times with the Minimum Terms and Conditions in force at the date of such extension, renewal or replacement. 3.3 The Insurer undertakes and agrees that in the event of any inconsistency between any Policy issued to a Firm and the Minimum Terms and Conditions in force at the date of inception, extension, renewal or replacement of the Policy, the Policy shall be construed or (where necessary) rectified so as to comply with the requirements of such Minimum Terms and Conditions, and further undertakes and agrees that any provision of any Policy issued to a Firm which is inconsistent with such Minimum Terms and Conditions shall be severed therefrom or shall be rectified to comply with such Minimum Terms and Conditions. 3.4 The Insurer shall issue, or shall procure to be issued, an online confirmation of coverage to the Law Society in respect of each Policy that it issues to a Firm for an Indemnity Period. The Insurer shall issue such confirmation through the Law Society’s online portal established for such purposes (details of which shall be provided by the Law Society from time to time). For any newly established Firm that has not yet been assigned a firm number, the Insurer shall issue, or shall procure to be issued a confirmation of coverage relating to each such newly established Firm the subject of a Policy issued by it in the form attached at as Schedule 3 (as the same may be amended by the Law Society from time to time). The Insurer shall provide a confirmation ) to the Law Society in respect of each Policy in accordance with this clause 3.4 issued by the Insurer within three (3) Working Days of inception, extension, renewal or replacement of the relevant Policy. 3.5 The Insurer undertakes and agrees to be bound by any confirmation of coverage issued to the Law Society by any agent, broker or intermediary acting for or on behalf of or in the name of the Insurer, irrespective of any error or omission made by such agent, broker or intermediary in completing or submitting such confirmation of coverage and the Insurer agrees that it shall not instigate any actions or proceedings against the Law Society in an attempt to have such confirmation of coverage set aside or declared invalid or void. 3.6 The Insurer shall further issue a certificate of coverage to each Firm the subject of a Policy issued by it promptly following the inception, extension, renewal or replacement of the relevant Policy.