Unrated insurer problems force SRA to reinvestigate stance on financial stability vetting
The Solicitors Regulation Authority is to re-investigate if it should introduce financial eligibility criteria following recent problems with unrated insurers including Quinn, Lemma and more recently Balva.
Legal Futures reports the review will be completed in time for any decisions to be made for the indemnity period starting on 1 October 2014.
Currently, the SRA relies on insurance regulators in the UK
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