CLIENTS MONEY PROTECTION POLICY

THE SCHEDULE

  1. Policy number: 10002/001 (2022)
  2. Insured: The Royal Institution of Chartered Surveyors (RICS)
  3. Address:
    12 Great George Street
    Parliament Square
    London
    SW1P 3AD
  4. Period of Insurance:
    23 June 2022 to 22 June 2023 both days inclusive local standard time at the Insured’s Address
  5. Commencement Date
    for General Client Money Protection Claims – 23 June 2022
    for TDS Claims – 1 April 2007
    for Property Agents Client Money Protection Claims – 23 June 2022
  6. Limits of Indemnity:
    Limit per Claim (whether regarding a General Client Money Protection Claim, a TDS Claim or a Property Agents Client Money Protection Claim ) – GBP 50,000

    Aggregate Claim Limits are as follows:

    (a) for TDS Claims – GBP 3,000,000

    (b) General Client Money Protection limit such limit to include amounts paid out for TDS Claims) – the “Primary Limit of Indemnity” – GBP 10,300,000

    (c) for Property Agent Client Money Protection, Claims can fall within the GBP 10,300,000 Primary Limit of Indemnity mentioned in paragraph (b) above for General Client Money Protection Claims and, in addition, a secondary GBP 10,000,000 is available (following utilisation of the Primary Limit) (the “Secondary Limit of Indemnity”), so the total aggregate limit available for Property Agents Client Money Protection is GBP 20,300,000. – An additional GBP 10,000,000

    The Total Aggregate Limit of Indemnity by the Insurer under this Policy is GBP 20,300,000 (the “Total Aggregate Limit of Indemnity”).
  7. Deductible: Nil
  8. Premium: GBP441,709 plus Insurance Premium Tax at 12%
  9. Prior Insurance:
    Policy Number 10002/001 (2021) issued by CMP
    Insurance PCC Ltd.
  10. Insurer:
    CMP Insurance PCC Limited
    PO Box 155
    Mill Court
    La Charroterie
    St Peter Port
    Guernsey, GY1 4E