Examples of PII Committee in a sentence
Where an insolvency event or non-performance event occurs in respect of the Insurer (whether or not an event has been declared by the PII Committee) or where any direction by the Central Bank is made pursuant to Section 45 of the Central Bank (Supervision and Enforcement) Act 2013 (“Section 45 Direction”) in respect of the Insurer, the Insurer shall immediately notify the Society in writing of the insolvency event, non-performance event or Section 45 Direction and prior to notifying any broker or client.
The PII Committee on behalf of the Law Society shall communicate periodically with Participating Insurers in relation to the arrangements regarding the provision of Policies to members of the solicitors’ profession generally and any necessary amendments to those arrangements.
Run-off cover held by a run-off firm may be cancelled by the SPF Manager where, pursuant to Regulation 3(m) of the Regulations, the PII Committee decides to treat another firm as a phoenix firm to the run-off firm.
Where the PII Committee decides to treat another firm as a phoenix firm to a run-off firm the former principals for the run-off firm shall procure that the phoenix firm establishes and maintains professional indemnity insurance which includes cover in accordance with the minimum terms and conditions for claims made against the run-off firm from the date it ceased practice.
Feedback from the consultation responses was considered by the PII Committee and its Chair and resulted in some minor drafting changes to take account of the consultation responses.
The PII Committee urges Members to take advantage of the practice tools that are available at no charge, or at a minimal fee.
ICAEW response – As noted above, the proposed changes have been approved by ICAEW’s PII Committee and the ICAEW Regulatory Board.
The iCPD programmes funded by the PII Committee are risk management-based and supervised by the PII Committee.
The PII Committee has finalised the 2017 Policy Documents with the Insurer.
Everyone might, as Heidegger argues, exist in a world where everything is structured by significance, but what counts as significant varies from culture to culture.