¶ 1
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13A.1 The Executive shall maintain Directors’ and Officers’ liability insurance, or an
equivalent form of professional indemnity or trustee indemnity insurance, appropriate to the
Community’s activities, scale, and risk profile. The CFO shall be responsible for arranging
and maintaining this insurance, in consultation with the CEO.
¶ 2
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13A.2 The adequacy, scope, and terms of the insurance shall be reviewed by the Executive
at least annually, and whenever there is a material change to the Community’s activities or
structure.
¶ 3
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13A.3 The existence of the insurance, the insurer, and the level of cover shall be reported to
members at the Annual General Meeting. A copy of the current policy schedule shall be
available to any Executive officer on request.
¶ 4
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13A.4 Where the Community incorporates as a CLG or CIC under Article 26, the Executive
shall ensure that directors’ and officers’ liability insurance appropriate to a registered
company is obtained prior to, or concurrently with, the date of incorporation.
