24Limitation of liability by insurance arrangements

24 Limitation of liability by insurance arrangements

[Section 24 Substituted by No. 43 of 2006, s. 50, Applied:18 Dec 2006] A scheme may provide that, if a person to whom the scheme applies and against whom a proceeding relating to occupational liability is brought is able to satisfy the court that –

(a) the person has the benefit of an insurance policy insuring the person against the occupational liability to which the cause of action relates; and

(b) the amount payable under the policy in respect of that occupational liability is not less than the amount of the monetary ceiling specified in the scheme in relation to the class of person and the kind of work to which the cause of action relates –

the person is not liable in damages in relation to that cause of action above the amount of that monetary ceiling.