P.I. - Lawyer Primary & Excess Layers) ( 专业弥偿 - 律师主层超额层)


A Brief introduction to the Malaysian Bar Professional Indemnity Insurance Scheme 2011

In conjunction to Legal Profession (Amendment) Act 1992 came into force on 1st April 1992. A new section 78A to the Principal Act provided for compulsory Professional Indemnity Insurance for all legal practitioners. As a result a Mandatory Scheme was established by the Bar Council for all members of Malaysian Bar in private practice.

Insurers, by way of a Master Policy, agree with the Bar Council, that they will insure all members of the Malaysian Bar as long as they are certified fit to practice by the Bar Council.

Jardine Lloyd Thompson Sdn Bhd (JLT) has been appointed as the broker of choice for the renewal of Members' Professional Indemnity Insurance.


Primary Coverage

Mandatory Limit, Sub Limit and Base Excess


The Mandatory Limit, Sub Limit and Base Excess of a Firm are based on the number of Legal Practitioners in the Firm.

The minimum Mandatory Limit is RM250,000 for a single practitioner Firm and the maximum Limit is RM2,000,000 for a Firm of 36 Practitioners and above.
Sub Limit for Misconduct of Principal and/or Employee is RM350,000 or Limit of Indemnity whichever is lower
The Base Excess is the amount that each Firm has to bear in respect of payments made by the Insurer to a claimant or Defence Cost.


All Firms will have the option to lower their Base Excess by 50%, subject to additional premium payable.Notwithstanding this, provisions of Clause 11 a, b & c of the Certificate of Insurance will apply.



Claims Loading For 2011

1.Applicable to ALL claims paid by Insurers after 1-1-2006;

2.For 2011, calculated at EITHER 5% of claims paid OR 5 x 2011 Base Premium, whichever is lower.

3.Further subject to maximum cap of 25% of amount paid by Insurers for that particular claim.

4. 25% Cap to apply over 5 years from the date of notification and takes into account any claims loads paid for that particular claim by the Firm between 2005 and 2007.



Example: 
Firm A has 100 Practitioners and a claim is paid on 1-2-2008 for RM2 million.
Firm A’s Base Premium is = RM1200 x 100 = 120,000.

2011 Claims Loading: Either 5% of RM2million = RM100,000 OR 5 x 120,000 = RM600,000; whichever is lower.
For 2011, the applicable claims loading is RM 100,000 as it’s lower; AND
  • The maximum claims loading payable for the RM 2 million claim paid is RM500,000.00 over the period of 5 years.
  • This is to be added to the Firm’s Base Premium
Where Firm A has NOT paid any claims loads for this claim:
  • Claims loading payable for 2011 is RM100,000;
  • Firm A’s Base Premium is = RM120,000
  • Total premium payable for 2011 is RM220,000 + GST

Where Firm A has PAID claims loads in the past:
  • Take into account loadings paid in years 07,08,09 and 10 for that claim, if any.
  • Example the claims loadings paid in past 3 years was RM250,000.
  • Maximum claims loading for this claim is RM500,000;
  • Taking into account what was paid in the past, the remaining claims loading payable for this paid claim is RM250,000 spread over 5 years.
  • Premium payable:
  • Claims loading payable for 2011 is RM50,000; 
  • Firm A’s Base Premium is = RM120,000;
  • Total premium payable for 2011 is RM170,000 + GST

Take note that claims load paid between 2005 and 2007 will only be taken into consideration once. 
Thus if Firm A had paid claims load in 2006 and it was taken into account in 2008,it will not be taken into account thereafter. 
period of Insurance eg if it is taken into consideration in 2010 then for 2011 it will not be taken into account thereafter. 

Notification of Claims and/or Circumstance

Members MUST notify JLT when they become aware of any Circumstance that may lead to a claim or a Claim or a Letter of Demand. Your premium will not be affected until and unless a payment has been made by Insurers on that Notification.

Firms are required to comply with the COI and notify claims/circumstances to JLT as soon as practicable BUT

  • And no later than 60 days from date of awareness for 2011
Refer to Clause 14 of the 20
10 COI or tis equivalent in the 2011 COI.

Satu pengenalan ringkas keatas Skim Insurans Indemniti Profesional 2011 untuk Bar Malaysia

Bersempena Akta Undang-Undang Profesion (Pindaan) 1992 yang berkuatkuasa pada 1 April 1992. Seksyen baru 78A kepada Akta Prinsipal disediakan untuk Insurans Indemniti Profesional wajib untuk semua pengamal undang-undang. Hasilnya Skim Mandatori telah ditubuhkan oleh Majlis Peguam untuk semua ahli-ahli Bar Malaysia dalam amalan swasta.

Penanggung Insurans, dengan cara Polisi Induk, bersetuju dengan Majlis Peguam, bahawa mereka akan memastikan semua ahli Bar Malaysia selagi mereka disahkan sesuai untuk berkhidmat oleh Majlis Peguam.

Jardine Lloyd Thompson Sdn Bhd (JLT) has been appointed as the broker of choice for the renewal of Members' Professional Indemnity Insurance.
Liputan Asas

Had Mandatori, Had Sub dan Asas Lebihan

Had Mandatori, Had Sub dan Lebihan Asas Firma berdasarkan bilangan Pengamal Undang-undang di Firma.

Had Mandatori minimum ialah RM250,000 bagi Firma pengamal tunggal dan Had maksimum ialah RM2, 000,000 bagi Firma daripada 36 Pengamal dan ke atas.
Had Sub Salah laku Prinsipal dan / atau Pekerja adalah RM350,000 atau Had Indemniti yang mana lebih rendah
Lebihan Asas adalah jumlah yang Firma masing-masing wajib untuk menanggung berkenaan pembayaran yang dibuat oleh Syarikat Insurans untuk Kos penuntut atau pertahanan.


Semua Firma akan mempunyai pilihan untuk menurunkan Lebihan Asas mereka sebanyak 50%, tertakluk kepada premium tambahan dibayar.
Walau bagaimanapun, peruntukan Klausa 11 a, b & c Sijil Insurans akan dikenakan.


Penambahan (loading) Tuntutan Bagi 2011

1. Diwajibkan kepada SEMUA tuntutan yang dibayar oleh Penanggung Insurans selepas 2006/1/1;
2. Bagi tahun 2011, dikira pada SAMA ADA 5% tuntutan yang dibayar ATAU 5 x 2011 Base Premium, yang mana lebih rendah.
3. Selanjutnya tertakluk kepada had maksimum 25% daripada jumlah yang dibayar oleh Penanggung Insurans bagi tuntutan yang tertentu.
4. tahap genting 25% untuk memohon dalam tempoh 5 tahun dari tarikh pemberitahuan dan mengambil kira apa-apa beban tuntutan dibayar bagi tuntutan yang tertentu oleh Firma antara 2005 dan 2007.


Contoh:
Firma A mempunyai 100 Pengamal dan tuntutan dibayar pada 2008/01/02 bagi RM2 juta.
Premium Asas firma A = RM1200 x 100 = 120000.

2011 Tuntutan Loading: Sama ada 5% daripada RM2million = RM100, 000 ATAU 5 x 120,000 = RM600,000, yang mana lebih rendah.
Bagi tahun 2011, beban tuntutan berkenaan RM 100,000 kerana ia adalah lebih rendah; DAN

Maksimum mendakwa memuatkan dibayar bagi RM 2 juta tuntutan yang dibayar ialah RM500, 000.00 dalam tempoh 5 tahun.
Ini akan ditambah kepada Premium Asas Firma
Manakala Firma A telah dibayar TIDAK sebarang beban tuntutan untuk tuntutan ini:

Tuntutan dibayar memuatkan bagi 2011 ialah RM100, 000;
Firma Premium A Base adalah = RM120, 000
Jumlah premium yang perlu dibayar bagi tahun 2011 adalah RM220, 000 + GST
Jika Firma A telah DIBAYAR banyak tuntutan pada masa lalu:
Mengambil kira bebanan akaun yang dibayar dalam tahun 07,08,09 dan 10 untuk tuntutan tersebut, jika ada.
Contoh tuntutan bebanan yang dibayar dalam 3 tahun yang lalu adalah RM250,000.
Memuatkan tuntutan maksimum bagi tuntutan ini ialah RM500,000.
Mengambil kira apa yang telah dibayar pada masa lalu, baki tuntutan memuatkan dibayar bagi tuntutan ini dibayar ialah RM250, 000 penyebaran selama 5 tahun.
Premium perlu dibayar:
Tuntutan dibayar memuatkan bagi 2011 ialah RM50, 000;
Premium Asas Firma A adalah = RM120,000;
Jumlah premium yang perlu dibayar bagi tahun 2011 adalah RM170, 000 + GST

Ambil perhatian bahawa beban tuntutan yang dibayar di antara tahun 2005 dan 2007 hanya akan diambil kira sekali.
Oleh itu, jika Firma A telah membayar tuntutan beban pada tahun 2006 dan ia telah diambil kira dalam 2008, ia tidak akan diambil kira selepas itu.
tempoh Insurans misalnya jika ia diambil kira pada tahun 2010 kemudian untuk 2011, ia tidak akan diambil kira selepas itu.

Pemberitahuan Tuntutan dan / atau Hal Keadaan

Ahli MESTI memberitahu JLT apabila mereka menjadi sedar Hal Keadaan apa-apa yang boleh membawa kepada tuntutan atau satu Tuntutan atau Surat Permintaan. Premium anda tidak akan terjejas sehingga dan melainkan jika pembayaran telah dibuat oleh Penanggung Insurans Pemberitahuan itu.

Firma dikehendaki untuk mematuhi COI dan memberitahu tuntutan / keadaan JLT seberapa segera yang praktik TETAPI

Dan tidak lewat daripada 60 hari dari tarikh kesedaran bagi 2011
Rujuk Fasal 14 COI 2010 atau yang setaraf dengannya dalam COI 2011.

简要介绍了马来西亚律师专业弥偿保险计划2011

结合法律职业(修订本)1992年1992年4月1日生效一个新的第78A条主要强制性专业弥偿保险法“规定所有法律执业者因此建立一个强制性计划,私人执业大律师公会马来西亚律师公会的所有成员

保险统括保单方式同意大律师公会他们将确保所有成员,因为他们的认证马来西亚律师只要适合执业律师公会执行委员会


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Proposal Form for Professional Lawyer for Excess Layer coverage on top of Bar Council MANDATORY Requirement.  Dec 17, 2013, 4:24 PM Simon Poon
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Proposal Form for Professional Lawyer for Excess Layer coverage on top of Bar Council MANDATORY Requirement.  Dec 17, 2013, 4:24 PM Simon Poon
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MALAYSIAN BAR PROFESSIONAL INDEMNITY INSURANCE SCHEME 2011. PERIOD OF INSURANCE: 1st JANUARY 2012 TO 31st DECEMBER 2012. COMPLETION AND SUBMISSION OF PROPOSAL FORM 2012. BEFORE COMPLETING THIS FORM PLEASE READ THESE IMPORTANT NOTICES 1. Your attention is drawn to Section 149(4) of the Insurance Act 1996 (Malaysia). You are to disclose in this Proposal Form, fully and faithfully, all the facts which you know or ought to know, otherwise the policy issued hereunder may be void. 2. Every question must be answered. You must fully and clearly give the information asked. If the space provided is not sufficient to record a complete answer, please record the answer on a separate sheet of paper, sign, date and attach it to the Proposal Form. 3. This Proposal Form must be completed and signed by the Proposer. If the Form is completed by any other person, you must ensure that you are aware of all information stated herein.   Dec 13, 2012, 7:55 AM Simon Poon
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MALAYSIAN BAR PROFESSIONAL INDEMNITY INSURANCE SCHEME 2011. PERIOD OF INSURANCE: 1st JANUARY 2011 TO 31st DECEMBER 2011. COMPLETION AND SUBMISSION OF PROPOSAL FORM 2011  157k v. 3 Dec 13, 2012, 7:55 AM Simon Poon