'Qualifying Insurer'

'Qualifying Insurer' or 'Participating Insurer' is a term that describes those professional indemnity insurers that have signed-up to a specific agreement with the Solicitors Regulation Authority (SRA). Under the terms of the agreement, they agree to offer PII policies which meet the specific Minimum Terms and Conditions set by the SRA. Only these insurers are authorised to insure Solicitors in England and Wales.