216Notification of proposed change of jurisdiction in which professional indemnity insurance is obtained

216 Notification of proposed change of jurisdiction in which professional indemnity insurance is obtained

216 Notification of proposed change of jurisdiction in which professional indemnity insurance is obtained

(1) This section applies where—

(a) an Australian legal practitioner holds or is covered for a period (the current period) by an approved insurance policy for this jurisdiction; and

(b) the practitioner is a legal practitioner associate of a law practice that—

(i) maintains a permanent office in this jurisdiction and at least 2 other jurisdictions; and

(ii) has at least one principal in each of those other jurisdictions who engages solely or principally in legal practice at the permanent office in that other jurisdiction; and

(c) the law practice forms an intention during the current period to hold or be covered by an approved insurance policy for another jurisdiction and not this jurisdiction.

(2) The law practice must notify the insurer or other provider of the policy referred to in subsection (1)(a) of the intention referred to in subsection (1)(c) by a date determined by or under legislation of this jurisdiction or as soon as practicable thereafter.

Note

This section applies where an exemption under section 215(3) would become applicable.