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Although the MRPC generally is not binding law in and of itself, it is intended to be a model for state regulators of the legal profession (such as bar associations) to adopt, while leaving room for state-specific adaptations. [1] All fifty states and the District of Columbia have adopted legal ethics rules based at least in part on the MRPC ...
Professional liability insurance (PLI), also called professional indemnity insurance (PII) and commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advising, consulting, and service-providing individuals and companies from bearing the full cost of defending against a negligence ...
The Illinois Department of Financial and Professional Regulation (IDFPR) is the Illinois state government code department [1] [2] that through its operational components, the Division of Banking, Division of Financial Institutions, Division of Professional Regulation, and Division of Real Estate, oversees the regulation and licensure of banks and financial institutions, real estate businesses ...
In Tanzania, professional ethics for the members of private bar (advocates) are regulated by the Advocates Act, Cap. 341 which is principal legislation and the Advocates (Professional conducts and Etiquette) Regulations, 2018 (Government Notice No. 118 of 2018) which is subsidiary legislation enacted by the National Advocates Committee (formerly known as the Advocates Committee).
Respondeat superior (Latin: "let the master answer"; plural: respondeant superiores) is a doctrine that a party is responsible for (and has vicarious liability for) acts of his agents. [ 1 ] : 794 For example, in the United States, there are circumstances when an employer is liable for acts of employees performed within the course of their ...
Legal protection insurance (LPI), also known as legal expenses insurance (LEI) or simply legal insurance, is a particular class of insurance which facilitates access to law and justice by providing legal advice and covering the legal costs of a dispute, regardless of whether the case is brought by or against the policyholder. Depending on the ...
(The Center Square) – Some Illinois lawmakers are expressing hope that the General Assembly will get serious about ethics reform in 2025. Former Illinois House Speaker Michael Madigan, D-Chicago ...
Due to the risk of liability, CPAs and accounting firms may carry professional liability insurance to provide some protection from legal claims and lawsuits, although some firms choose to self-insure. [4] Concerns about high damage awards and insurance costs have led to proposals to limit liability for public accounting firms. [5]
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