No, you don’t meet the eligibility criteria. When calculating the years in practice include all years practising law, whether in Ontario or elsewhere, in private practice, as in-house counsel or as an employed lawyer working in government, education or in some other capacity.
Even though you will renew your insurance in the fall of this year, the effective date of the renewal is January 1. If, as of January 1, you will have practised less than 200 calendar days this year, you would again be eligible for a premium discount of 50% on the base premium
The same discount rate options cannot be repeated for more than two policy years. As such, for next year’s insurance, since you will received the 50% discount for both last year and this year, you would will be entitled to a 40% discount on the base premium.
When considering years in practice, include all the time spent in private or public practice and as in-house counsel in your calculation. As you had less than one year of practise last year (given the timing of your call) and you were practising in-house and then in private practise for more than 200 days this year, you would indicate 1 full year in practice to date.
As you have practised under 200 days last year and under 200 days thus far this year, indicate zero full years in practise again on your new application, as you have not exceeded 200 days in either year. Please note that the maximum number of years you can qualify for the same discount rate is two years.
If you practised for more than 200 days the year before going on exemption, indicate 3 years on your current application. If you practiced for less than 200 days, indicate 2 years, unless you have already claimed the 2 year discount in two consecutive years prior to last year.
You cannot claim the same level of discount for more than two years in which you have been practising insured, regardless of the number of days you have been in practice. Depending on the nature of the services you provide and when you provide them, you can see premium savings by either claiming exemption when you are not in private practice, or you may qualify for the part-time practice option