Western Australian Current Acts Western Australian Current Acts (1) Notwithstanding
anything to the contrary in this Act, the chief executive officer may, on
behalf of the State, enter into any contract of insurance with any person
carrying on fidelity insurance business in the State, by which the State will
be indemnified to the extent and in the manner provided by the contract
against liability to pay claims under this Act.
(2) Any such contract
may be entered into in relation to licensees generally who are holders of
current triennial certificates, or in relation to any licensees named therein
who are holders of current triennial certificates, or in relation to licensees
generally who are holders of current triennial certificates excluding
particular licensees named therein.
(3) The chief
executive officer may publish the fact that a policy has been effected under
this section and of the details of the policy.
(4) An action does not
lie against the State, the Commissioner, the chief executive officer or an
officer of the department for damage alleged to have been suffered by a
licensee by reason of the publication in good faith of a statement that a
contract entered into under this section does or does not apply with respect
to him.
[Section 99 amended: No. 51 of 1986 s. 46(2); No.
58 of 2010 s. 161.]