Queensland Consolidated Acts

LEGAL PROFESSION ACT 2007 - SECT 360

360 Insurance

(1) The law society may arrange with an insurer for insurance in relation to claims, and liabilities arising out of claims, against the fidelity fund.

(2) Without limiting subsection (1) , the law society may arrange for insurance relating to particular claims or particular classes of claims.

(3) The proceeds paid under a policy of insurance against particular claims or particular classes of claims are to be paid into the fidelity fund, and a claimant is not entitled to have direct recourse to the proceeds or any part of the proceeds.

(4) No liability, including liability in defamation, is incurred by a protected person in relation to anything done or omitted to be done in good faith for the purpose of arranging for insurance of the fidelity fund.

(5) In this section—

"protected person" means—

(a) the law society or a council member; or

(b) a person acting at the direction of the law society or a council member.