Partnership policies
16 Partnership policies
If a professional indemnity policy is issued to a partnership, the indemnity provided must extend to all liability of each registered certifier who, at any time before or during the term of the policy, is a registered partner or registered employee of the partnership incurred—
while the registered certifier was a registered partner or registered employee of the partnership, and
in the course of the registered certifier carrying out work on behalf of the partnership.
The indemnity must extend to a person who has been a registered partner or registered employee of the partnership regardless of whether the person ceased to be a registered partner or registered employee before the policy commenced.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.