Minimum Terms and Conditions definition

Minimum Terms and Conditions means the minimum terms and conditions set out in Appendix 1 to the Regulations with which a Qualifying Insurance (or, in the case of a Qualifying Insurance provided as a coinsurance, any part thereof) underwritten by a Participating Insurer is required by these Regulations to comply, or in the case of ARP coverage and run-off cover, such minimum terms and conditions, as varied by or pursuant to these Regulations, to apply in respect of such cover;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Minimum Terms and Conditions means the minimum terms and conditions with which a policy of qualifying insurance is required by these rules to comply a copy of which is annexed as Appendix 1 to these rules.

Minimum Terms and Conditions has the meaning ascribed to such term in the Regulations and as set out in Schedule 1;

Examples of Minimum Terms and Conditions in a sentence

This contract is to be construed or rectified so as to comply with the requirements of the Minimum Terms and Conditions, and any provision of this contract which is inconsistent with the Minimum Terms and Conditions is to be severed or rectified to comply.
The Insurance may not apply any monetary exclusions or limits except as provided for by clauses 3.1 and 3.3 and where the Insurance is underwritten on a co-insurance basis, to the extent provided for in clause 3.6.2. For the avoidance of doubt, this clause 3.5 shall not be construed to prevent an Insured and an Insurer from agreeing that the cover shall provide for a Self-Insured Excess where this is otherwise permitted under these Minimum Terms and Conditions.
Run-off cover is not provided under clause 5.1 if there is a Successor Practice to the ceased Practice, provided that there is insurance complying with the Minimum Terms and Conditions in relation to that Successor Practice.
If there is a dispute as to whether a Practice is a Successor Practice for the purposes of clauses 1.4, 1.6 or 5.3, the Insured and the Insurer will take all reasonable steps (including, if appropriate, referring the dispute to arbitration) to resolve the dispute in conjunction with any related dispute between any other party which has insurance complying with the Minimum Terms and Conditions and that party’s insurer.
The definition of “Relevant Recognised Body” in clause 8.2 of the Minimum Terms and Conditions indicates which recognised bodies this requirement applies to.

More Definitions of Minimum Terms and Conditions

Minimum Terms and Conditions means the minimum terms and conditions set out in Appendix 1 to the Regulations with which a Qualifying Insurance (or, in the case of a Qualifying Insurance provided as a co-insurance, any part thereof) underwritten by a Participating Insurer is required by these Regulations to comply, or in the case of ARP coverage and run-off cover, such rules and such minimum terms and conditions, as varied by or pursuant to these Regulations, to apply in respect of such cover;

Minimum Terms and Conditions means the minimum terms and conditions required by the Solicitors’ Indemnity Insurance Rules 2007 for insurance commencing at inception of the Period of Insurance. Period of Insurance means the period for which this contract operates expiring at midnight on 30 September 2008. Principal means, in relation to:

Minimum Terms and Conditions has the meaning ascribed to it in the Regulations.

Minimum Terms and Conditions means the minimum terms and con- ditions set out in Appendix 1 to these Regulations with which a quali- fying insurance (or, in the case of a qualifying insurance provided as a co-insurance, any part thereof) underwritten by a qualified insurer is required by these Regulations to comply;

Minimum Terms and Conditions means the minimum terms and conditions required by the Solicitors‘ Indemnity Insurance Rules 20092010 for insurance commencing at inception of the Period of Insurance.

Minimum Terms and Conditions means these minimum terms and conditions;

Minimum Terms and Conditions has the meaning ascribed to such term in the Regulations as amended by the 2021 Regulations and as set out in the Schedule to the 2021 Regulations;