122ZCCorporation may enter into contracts of insurance or indemnity

##### 122ZC Corporation may enter into contracts of insurance or indemnity (1) The Corporation may, in its discretion, enter into a contract with a person carrying on fidelity insurance business whereby the Corporation will be insured or indemnified, to the extent and in the manner provided by the contract, against liability in respect of claims. (2) A contract entered into under subsection (1) may relate to dealers generally, particular classes of dealers specified in the contract, particular dealers so specified, or dealers generally with the exclusion of particular classes of dealers, or particular dealers, so specified. (3) An action does not lie against the Corporation, a participating exchange, a member of the Board, or an employee of the Corporation or of a participating exchange, for damage alleged to have been suffered by a dealer because of the publication in good faith of a statement that a contract entered into under subsection (1) does or does not apply with respect to that dealer. (4) Where the Corporation has entered into a contract of insurance or indemnity with an insurer under this section, a person who has made a claim has neither a right of action against the insurer in respect of the contract, nor a right or claim in respect of money paid by the insurer in accordance with the contract. (5) In this section, dealer means a member, or a member organisation, of a participating exchange.