Hong Kong Regulations

SOLICITORS (PROFESSIONAL INDEMNITY) RULES - RULE 15

Failure to make payment

(1) If any principal liable to make payment under or in respect of the
Professional Indemnity Scheme of any amount for which the indemnified is not
provided with Indemnity or which is to be reimbursed to the Company on behalf
of the fund without reasonable excuse fails to make payment of such amount on
demand for payment of the same being made by the Society then such failure
shall be an event of professional misconduct on the part of such principal.

(2) A demand for payment of the amount referred to in subrule (1) shall only
be made by the Society after the Company or their agent has given written
notice to such principal that payment of such sum is required by the Company
to reimburse the fund or for payment into Court, or settlement, or
satisfaction of judgment on any claim and payment is not made within 14 days
of such notice being given by the Company or their agent to such principal.
(Enacted 1989. L.N. 359 of 1993)