Singapore legislation
Regulation 3
of Legal Profession (Professional Indemnity Insurance) Rules
Regulation 3
Requirement to take out insurance
Subregulation 1
Every advocate and solicitor who intends to apply for a practising certificate shall —
before making an application for the certificate, take out such insurance as is referred to in rule 2(a) with an authorised insurer for the amount of insurance cover required by rule 4; and
maintain in force such insurance at all times during the period he has in force a practising certificate.
Subregulation 2
Every law corporation shall take out and maintain in force at all times during the period in which it carries on its business of providing legal services such insurance as is referred to in rule 2(c) for the amount of insurance cover required by rule 4 with an authorised insurer.
Subregulation 2A
Every limited liability law partnership shall take out and maintain in force at all times during the period in which it carries on its business of providing legal services such insurance as is referred to in rule 2(d) for the amount of insurance cover required by rule 4 with an authorised insurer.
Subregulation 3
Every law corporation and limited liability law partnership, and every advocate and solicitor practising in a law firm (except a locum solicitor), that engages a locum solicitor shall —
take out insurance under the common insurance scheme referred to in rule 2 against loss arising from claims against such a law corporation or limited liability law partnership, or such advocates and solicitors, in respect of civil liability incurred by the locum solicitor in connection with his practice in the law firm or the legal services provided by the law corporation or limited liability law partnership, as the case may be; and (b)maintain in force such insurance at all times during the period the locum solicitor is engaged by the law firm in which the advocate and solicitor is practising or by the law corporation or limited liability law partnership, as the case may be.
Subregulation 4
Nothing in this rule requires a locum solicitor to take out any insurance referred to in rule 2 in connection with his practice as a locum solicitor.
Subregulation 5
Every law corporation and limited liability law partnership, and every advocate and solicitor practising in a law firm, that employs a foreign lawyer or a solicitor who does not hold a practising certificate shall —
take out insurance under the common insurance scheme referred to in rule 2 against loss arising from claims against such a law corporation or limited liability law partnership, or such advocates and solicitors, in respect of civil liability incurred by the foreign lawyer or solicitor in connection with his practice in the law firm or the legal services provided by the law corporation or limited liability law partnership, as the case may be; and
maintain in force such insurance at all times during the period the foreign lawyer or solicitor is employed by the law firm in which the advocate and solicitor is practising or by the law corporation or limited liability law partnership, as the case may be.