sec.354Continuing obligation for professional indemnity insurance

### sec.354 Continuing obligation for professional indemnity insurance A local legal practitioner must not engage in legal practice in this jurisdiction, or represent or advertise that the practitioner is entitled to engage in legal practice in this jurisdiction, unless— if conditions are imposed under section 353 on the practitioner’s practising certificate—the practitioner complies with the conditions; and if the practitioner must, under that section, have professional indemnity insurance—the practitioner complies with the requirements prescribed under a regulation mentioned in section 353 (3) for professional indemnity insurance. Maximum penalty—300 penalty units or 2 years imprisonment. If a person must, under section 353 , have professional indemnity insurance and the person becomes aware that the person will not be covered by professional indemnity insurance that complies with the requirements prescribed under a regulation mentioned in section 353 (3) , the person must notify the regulatory authority of that fact, in the approved form. A contravention of subsection (1) or (2) is capable of constituting unsatisfactory professional conduct or professional misconduct. (sec.354-ssec.1) A local legal practitioner must not engage in legal practice in this jurisdiction, or represent or advertise that the practitioner is entitled to engage in legal practice in this jurisdiction, unless— if conditions are imposed under section 353 on the practitioner’s practising certificate—the practitioner complies with the conditions; and if the practitioner must, under that section, have professional indemnity insurance—the practitioner complies with the requirements prescribed under a regulation mentioned in section 353 (3) for professional indemnity insurance. Maximum penalty—300 penalty units or 2 years imprisonment. (sec.354-ssec.2) If a person must, under section 353 , have professional indemnity insurance and the person becomes aware that the person will not be covered by professional indemnity insurance that complies with the requirements prescribed under a regulation mentioned in section 353 (3) , the person must notify the regulatory authority of that fact, in the approved form. (sec.354-ssec.3) A contravention of subsection (1) or (2) is capable of constituting unsatisfactory professional conduct or professional misconduct. - (a) if conditions are imposed under section 353 on the practitioner’s practising certificate—the practitioner complies with the conditions; and - (b) if the practitioner must, under that section, have professional indemnity insurance—the practitioner complies with the requirements prescribed under a regulation mentioned in section 353 (3) for professional indemnity insurance.