272ANo insurance or other indemnity against penalties

272A No insurance or other indemnity against penalties (1) A person must not, without reasonable excuse— (a) enter into a contract of insurance or other arrangement under which the person, or another person, is purportedly covered for all or part of a liability for a monetary penalty under this Act; or (b) provide insurance or a grant of indemnity for all or part of a liability for a monetary penalty under this Act; or

(c) take the benefit of a contract of insurance, arrangement or grant of indemnity mentioned in paragraph (a) or (b). (2) Subsection (1) places an evidential burden on the defendant to show (3) A term of a contract of insurance or other arrangement is void to the extent it purports to cover a person for all or part of a liability for a monetary penalty under this Act.