Disciplinary Board Of Pennsylvania Now Requires Professional Liability Insurance Disclosure On Annual Fee Form
(Harrisburg, Pa.) – Every attorney admitted to the Pennsylvania Bar is required to complete an annual fee form and pay the appropriate fee to the Attorney Registration Office at the Disciplinary Board of the Supreme Court of Pennsylvania. However, this year’s annual fee form, due by July 1st, has a new requirement.
In an order dated March 25, 2010, the Supreme Court of Pennsylvania determined that each attorney must indicate on the annual fee form whether he or she is covered by professional liability insurance on the date of registration in the minimum amounts required by what is known as Rule of Professional Conduct 1.4(c). If the attorney does not answer this section, the form will be returned as incomplete. If the question is answered inaccurately, the attorney will be subject to disciplinary action.
The rule states that lawyers in private practice are required to notify new clients if they do not have professional liability insurance of at least $100,000 per incident and $300,000 total per year. In addition, the insurance must be subject to commercially reasonable deductibles, retention or co-insurance. Lawyers must also inform clients if they become uninsured at these levels at any point. Attorneys who do not have private clients, such as attorneys in full-time government practice or employed as in-house corporate counsel are exempt from this rule.
Further information on the requirements of professional liability insurance will be available by request and on the Disciplinary Board’s Web site. Additionally, lawyers must notify the Attorney Registration Office in writing within 30 days of any change to their annual statement.
About the Disciplinary Board of the Supreme Court of PA
The Disciplinary Board is an independent agency funded by the Supreme Court of Pennsylvania and consists of 13 members, of whom 11 are attorneys and two are non-lawyers, from across the stateThe Disciplinary Board was created by the Supreme Court of Pennsylvania to review conduct and assure compliance by all attorneys to the Pennsylvania Rules of Professional Conduct. For more information about the Disciplinary Board, please visit www.padb.us.
For more information regarding this press release, please contact Megan Kurtz at 717-432-2468 or email at Megan@TheSuasionWay.com.