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after the event insurance

Last modified: Thu Feb 23 16:37:37 2006

An insurance policy taken out `after the event' that gave rise to a cause of action in law. Such a policy may be needed to cover the risk of losing an action and being compelled to pay the winning party's costs. Under the Conditional Fees Agreement Regulations (2000) the premium of such a policy is recoverable from the losing party if the policy holder wins the case, provided that various procedural formalities have been complied with.

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