| Requirements for Application for Court Bond |
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The documents we require are as follows:-
This bond is granted free of charge to all practising attorneys as a service to the profession. It is not intended to replace existing bonds, in other words if you have already obtained a bond from another insurer, which you intend to replace with a bond from the Attorneys Insurance Indemnity Fund, your application will be declined. Please ensure that you address this aspect in clause 8 of the annexure. This facility is only available where the practising attorney is the executor and not should he act on behalf of a designated executor. Please note that the bonds are furnished to you on the strict understanding that the security provided is only in respect of your appointment as executor. If the Master requires you to furnish security as trustees, then this will have to be furnished via another facility for which a premium will be payable. Please note that an important condition which attaches to the granting of the bond is that the applicant takes responsibility for ensuring that the Attorneys Insurance Indemnity Fund is formally released from liability when the security provided by the bond is no longer required. |


