15 January 2014, by Ragunath Kesavan, Chairperson, PII Committee
Circular No 006/2014
Dated: 15 Jan 2014
Dear Members,
Happy New Year!
We bring you the latest changes to the Certificate of Insurance (“COI”) for the Malaysian Bar’s Mandatory Professional Indemnity Insurance (“PII”) Scheme for 2014 inside
this issue.
Although changes made to the COI in 2014 are not as exhaustive as the changes made in 2013, they do, however, still concern the protection rendered to Members in the course of conducting their profession. Therefore, this policy is a document that ought to be read and understood by all practitioners.
We have also included two important case studies from actual PII claims that are beneficial for all Members to learn from. For example, the importance of notification to the Broker when you are faced with a circumstance, writ, or summons, to enable the Insurer to kick-start the defence of your claim. Without your timely notification, no help will be forthcoming.
Members with queries and comments on PII and risk management can contact the PII and Risk Management Department’s officers directly at 03-2032 4511 or via email at
pirm@malaysianbar.org.my.
Happy reading!
The
Jurisk! Team
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