Estate Agency Affairs Act, 1976 (Act No. 112 of 1976)

Chapter II : Estate Agents Fidelity Fund

23. Board may conclude insurance contracts

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1)The board may in its discretion enter into a contract with an insurer who carries on an insurance business in the Republic whereby the board will be indemnified, to the extent and in the manner provided by such contract, against liability to pay claims under this Chapter.

 

2)Any contract referred to in subsection (1) shall be entered into in respect of estate agents generally.