§ Rule 7-1.4 Definitions

Rule 7-1.4. Definitions

For this rule the following terms shall have the following meanings:

(a) Claimant. “Claimant” means a person or persons or any legal entity that has filed a claim with The Florida Bar for a grant of monetary relief from the fund based on a claim that the person or entity has suffered a reimbursable loss.

(b) The Bar. “The bar” means The Florida Bar.

(d) The Committee. The “committee” means the “Clients' Security Fund Committee,” a standing committee of the bar.

(e) The Fund. “The fund” means the Clients' Security Fund of The Florida Bar.

(f) Reimbursable Loss. “Reimbursable loss” means a loss suffered by a claimant by reason of misappropriation, embezzlement, or other wrongful taking or conversion of money or other property by a member of The Florida Bar when acting: (1) as a lawyer; or (2) in a fiduciary capacity customary to the practice of law, i.e., a personal representative, trustee of an express trust, or guardian; or (3) as an escrow holder or other fiduciary having been designated as such by a client in the matter in which the loss arose or having been so appointed or selected as the result of an attorney and client relationship; provided, however, that such a relationship was not for a wrongful purpose and the claimant was not guilty of any bad faith in putting the money or other property in possession or control of the attorney.

(g) CSF Contribution. “CSF Contribution” means the total amount of the annual membership fee allocated to the fund as determined each fiscal year.

(h) Fee Claim. “Fee claim” means a reimbursable loss based on fees paid to a member of The Florida Bar for services to be rendered.

(i) Misappropriation Claim. “Misappropriation claim” means a reimbursable loss for misappropriation, embezzlement, or other wrongful taking or conversion of money or other property by a member of The Florida Bar.