Scheme Details
How does the scheme work?
If you agree to act for a new client under a CFA and this client does not have any other methods of funding available then that client is eligible for ATE insurance.
You then undertake a risk assessment and provided that you consider the prospects of success to be 51%, and the case falls within the parameters of the scheme, then you can issue a policy to your client.
The next stage is completing the certificate of insurance with the correct details, as if you were preparing a claim form.
Once a policy is issued, you enter the client’s details onto your monthly bordereaux which is submitted to Temple monthly.
This client is now insured and, instead of providing written updates, you provide Temple with updates at the important stages of the litigation (such as when issuing proceedings) by simply changing the ‘status code’ on the monthly bordereaux.
If the case is successful, the premium is recovered from your opponents and if it is unsuccessful, you can complete a claim form and submit details of your claim to Temple.
Key features of a delegated scheme from Temple
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