# Solicitors (Scotland) Act 1980, Paragraph 3

Extent: S

(1) The society may enter into a contract of insurance with any person, body of persons or corporation authorised by law to carry on insurance business for guaranteeing the sufficiency of the Guarantee Fund or for any other purpose in relation to the Fund.
(2) Any such contract of insurance may be entered into in relation to solicitors , incorporated practices authorised legal businesses and licensed providers generally or in relation to any solicitor or solicitors , incorporated practice or practices authorised legal business or businesses or licensed provider or providers named therein.
(3) No person other than the Society shall have any right of action against a person, body or corporation with whom any such contract of insurance was entered into or have any right to any monies payable under that contract.

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Source: https://www.legislation.gov.uk/ukpga/1980/46/schedule/3/paragraph/3 (the official version)
Page: https://openlegislation.uk/solicitors-scotland-act-1980/schedule-3/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.