S.L. 55.7 Art. 5Run-off cover.

(1) A notary shall no longer be required to be covered in terms of regulation 3 in the instances mentioned in sub-regulation

(4) of this regulation.

(2) Notwithstanding the provisions of sub-regulation (1), a notary shall be adequately covered by a run-off cover policy for a period of two years immediately following the lapse of the policy year in which he is covered in terms of regulation 3.

(3) For the purposes of this regulation, the provisions of regulation 3 shall mutatis mutandis apply.

(4) The instances referred to in sub-regulation (1) are the following:

(a) where the notary ceases from exercising his functions for any of the reasons mentioned in article 14(1) of the Act; or

(b) upon the issue of a decree in terms of regulation 9(3).