# Compensation Act 2006, Paragraph 11

Extent: E+W

(1) Regulations may require, or permit the Regulator to require, an authorised person to take out a policy of professional indemnity insurance in respect of his actions in the course of providing or purporting to provide regulated claims management services.
(2) Regulations under sub-paragraph (1) may, in particular—
(a) make provision about the level or nature of insurance cover to be provided by the policy;
(b) include provision about failure to comply (which may, in particular, provide for compliance to be treated as a condition of authorisations or enable the Regulator to require the payment of a penalty by an authorised person or to impose conditions on, suspend or cancel authorisations).

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Source: https://www.legislation.gov.uk/ukpga/2006/29/schedule/paragraph/11 (the official version)
Page: https://openlegislation.uk/compensation-act-2006/schedule/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.