15Corporate policies

#### 15 Corporate policies 15 Corporate policies > > (1) If a professional indemnity policy is issued to a body corporate, the indemnity provided must extend to— > > > > > (a) if the body corporate is a registered body corporate, all liability of the registered body corporate incurred at any time since the registered body corporate first became a registered certifier, and > > > > > (b) for each registered certifier who, at any time before or during the term of the policy, is a registered director or registered employee of the body corporate, all liability of the registered certifier incurred— > > > > > > > (i) while the registered certifier was a registered director or registered employee of the body corporate, and > > > > > > > (ii) in the course of the registered certifier carrying out work on behalf of the body corporate. > > > (2) The indemnity must extend to a person who has been a registered director or registered employee of the body corporate regardless of whether the person ceased to be a registered director or registered employee before the policy commenced.