325Insurance of fidelity fund

325 Insurance of fidelity fund (1) The law society may arrange with an insurer for the insurance of the fidelity fund. (2) Without limiting subsection (1), the law society may arrange for the insurance of the fidelity fund against particular claims. (3) The proceeds paid under a policy of insurance against particular 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 them. (4) No liability (including liability in defamation) is incurred by a protected person in relation to anything done or omitted to be done honestly for the purpose of arranging for the insurance of the fidelity (a) the law society; or (b) a member of the law society council; or (c) any member of the staff of the law society; or (d) anyone acting at the direction of the law society or the law