(1) Where a scheme
under section 52 is in force requiring legal practitioners to be insured
against liabilities that may arise in the course of, or in relation to, legal
practice—
(a) the
Supreme Court cannot issue or renew a practising certificate unless the
applicant produces evidence to the satisfaction of the Court that the
applicant has obtained the insurance against such liabilities required by the
scheme for the term for which the certificate is to be issued or renewed; and
(b) if,
at any time during the term of a practising certificate so issued or renewed,
the holder of the certificate ceases to be insured against such liabilities as
required by the scheme, the practising certificate will be taken to be
suspended until the holder of the certificate obtains such insurance.
(2) This section does
not apply in relation to a legal practitioner of a class excluded by
regulation from the provisions of this section.