IMEB 2.3.1 Firms must take out and maintain professional indemnity insurance

(1) A firm must take out and maintain professional indemnity insurance in accordance with this part.
(2) However, a firm need not take out or maintain professional indemnity insurance for this part if another authorised firm provides a guarantee for it in accordance with rule 2.3.4 (What firms may provide guarantees for part 2.3?).
Derived from QFCRA RM/2011-3 (as from 1st July 2011)