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S.L. 55.7 · Notaries (Compulsory Insurance) (S.L. 55.7)

S.L. 55.7 ст. 8Information to the Notarial Council.

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(1) Without prejudice to the provisions of article 94A(12)(a) and (18) of the Act and other relevant articles thereof, every notary shall provide on an annual basis to the Notarial Council, through one of the review officers defined in article 94A(1) of the Act, a copy of the policy taken out in terms of the Act and these regulations for the sole purpose of ascertaining that the notary is validly and adequately covered in terms of the Act and these regulations.

(2) In the event of doubt as to whether a policy is valid and adequate in terms of the Act and these regulations in relation to a notary, the Notarial Council shall, within one month of receiving such copy, determine, after consultation with an insurance broker or an independent insurance provider, whether the policy is so valid and adequate and, if it is not, a reasoned decision shall be communicated forthwith by registered mail to the notary concerned.

(3) A notary to whom a reasoned decision has been communicated in terms of sub-regulation (2) shall address without delay any concern raised by the Notarial Council and shall also send by registered mail to the Council the necessary documentation to the satisfaction of the Council.