121Insurance

#### 121 Insurance 121 Insurance > > (1) The Law Society Council may arrange with an insurer for the insurance of the Fidelity Fund. > > > (2) Without limiting subsection (1), the Law Society Council may arrange for the insurance of the Fidelity Fund against 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 them. > > > (4) No liability (including liability in defamation) is incurred by a protected person in respect of anything done or omitted to be done in good faith for the purpose of arranging for the insurance of the Fidelity Fund. > > > (5) In this section— > > > > protected person means— > > > > > (a) the Law Society or a member of the Law Society Council or the Fidelity Fund Management Committee, or > > > > > (b) a member of staff of or a person acting at the direction of the Law Society, Law Society Council or Fidelity Fund Management Committee.