ARP manager definition

ARP manager means the manager of the ARP, being the Law Society or any person from time to time appointed by the Law Society to carry out all or any particular functions of the manager of the ARP in accordance with paragraph 2.1 of Schedule 2, or the Law Society and any such person
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ARP manager means the manager of the ARP being any person from time to time appointed by the SRA to carry out all or any particular functions of the manager of the ARP or the SRA and any such person; ARP policy means a contract of professional indemnity insurance issued by the ARP manager on behalf of qualifying insurers to an eligible firm in the ARP including where the context permits a policy provided to a firm in default; Commentary: A copy of the standard-form ARP policy is available on the website of the SRA at xxx.xxx.xxx.xx, and is also available from the SRA. Contact details appear at the end of the introductory commentary.
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ARP manager means the manager of the Assigned Risks Pool being any person from time to time appointed by the Society to carry out all or any particular functions of the ARP Manager or the Society and any such person. ARP Policy means a contract of professional indemnity insurance issued by the ARP Manager on behalf of Qualifying Insurers to an Eligible Firm in the Assigned Risks Pool including where the context permits a Policy provided to a Firm in Default.
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Examples of ARP manager in a sentence

  • The ARP premium shall be paid to the ARP manager within 30 days of such premium being notified to the insured firm by the ARP manager.

  • Deflate algorithm is widely used in different libraries because of its good performance and its guarantee of never expanding the data, in comparison with LZW, which in extreme cases doubles or triples the file size.

  • However, there shall be no return premium due to the insured firm in the event that any claims, or circumstances that may give rise to claims, have been notified to the ARP manager during the policy period concerned.

  • If a firm is eligible to be issued with an ARP policy under Rule 13.1, or an ARP run-off policy under Rule 13.4 then, provided that it complies with the relevant requirements under Rule 13 and is issued with an ARP policy or an ARP run-off policy, the firm and the principals of that firm will be required to pay to the ARP manager only the relevant premium and the excess in the event of any claim.

  • If, in addition, the ARP manager agrees to provide continuing cover in accordance with paragraph 5.4(b)(ii) of the MTC, the insured firm and every principal of that insured firm (including, for these purposes, every person held out as a partner of a sole practitioner) shall be liable to pay such additional premium (if any) as the ARP manager considers appropriate.

  • The ARP manager may set off any return premium due to the insured firm against any part of the ARP premium which is due in respect of that insured firm but which remains unpaid.

  • Furthermore, in the event that the ARP insurers are called upon to deal with a claim that was first made against the insured firm during the policy period concerned, but which claim the insured firm failed to notify to the ARP manager, the amount of the return premium shall be repaid to the ARP manager.

  • If, in addition, the ARP manager agrees to provide continuing cover in accordance with paragraph 5.45.7(b)(ii) of the MTC, the insured firm and every principal of that insured firm (including, for these purposes, every person held out as a partner of a sole practitioner) shall be liable to pay such additional premium (if any) as the ARP manager considers appropriate.

  • If: an insured firm ceases to carry on a practice during the course of any indemnity period in circumstances where the ARP is required to provide run-off cover in respect of that insured firm under the terms of an ARP policy issued to that insured firm; and that insured firm‟s practice subsequently restarts; and the ARP manager agrees to cancel such run-off cover the insured firm shall be entitled to such reimbursement of premium (if any), as the ARP manager considers appropriate.

  • Commentary: All firms, whether they obtain their qualifying insurance on the open market or through the ARP, or whether, having failed to obtain qualifying insurance, they are subject to the provisions of Part 4 of these Rules, are deemed to have consented to their qualifying insurer or the ARP manager bringing to the attention of the SRA any of the matters referred to Rule17.1 that may be applicable to the firm.


More Definitions of ARP manager

ARP manager means any person (including any body corporate, partnership or unincorporated body) from time to time appointed by
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Related to ARP manager

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