(a) The Council shall take out, in the name of the Malaysian Bar, and maintain with such insurers as it may approve from time to time a Master Policy to provide indemnity against such classes of professional liability as may be determined by the Council.
(b) The terms and conditions of the Master Policy shall be approved by the Council and may be amended by the Council from time to time.
(c) The Master Policy shall provide indemnity for all advocates and solicitors to whom these Rules apply as well as for such former advocates and solicitors and other parties as may be mentioned in the policy.
(d) The limits of the indemnity or any self insured amounts under the Master Policy shall be determined by the Council from time to time.
(e) Nothing in this rule shall be construed as prohibiting any advocate and solicitor from arranging with any insurer to extend the limit of indemnity provided under the Master Policy.
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Rule 4. Insurance policy.