The Legal Practice Act 28 of 2014 (LPA) was signed into law on 20 September 2014 and gazetted in the…
Welcome to the Legal Practitioners Indemnity Insurance Fund NPC (LPIIF) (Registration number 93/03588/08).
The LPIIF is a non-profit short-term insurance company, licenced in terms of the Short-Term Insurance Act 53 of 1998 and regulated by the Financial Sector Conduct Authority (FSCA).
The Board of the Legal Practitioners Fidelity Fund, acting in terms of sections 40A and 40B of the Attorneys Act 53 of 1979, established the LPIIF in 1993 as the company through which professional indemnity insurance and certain bonds of security will be granted to practising attorneys. The LPIIF provides a primary layer of professional indemnity insurance to all legal practitioners in South Africa. The LPIIF also issues bonds of security to attorneys (not advocates) who are appointed as executors of deceased estates.