Dated at Wellington this 18th day of July 2008.
The Common Seal of the New Zealand Law Society was affixed in the presence of:
This note is not part of the rules, but is intended to indicate their general effect.
These rules are made by the New Zealand Law Society and come into force on 1 August 2008.
Rule 4(1) establishes that it is not compulsory for lawyers to hold professional indemnity insurance. However, rule 4(2) does require lawyers who are partners or directors of a practice to consider holding appropriate professional indemnity insurance.
Rule 5(1) requires the Law Society, within 2 years of the commencement of these rules, to consider and determine whether to require lawyers or incorporated law firms to hold professional indemnity insurance.
Date of notification in Gazette: 24 July 2008.
These rules are administered by the Ministry of Justice.