(1)  The Trust may arrange with an insurer for the insurance of the Guarantee Fund.

(2)  Without limiting subsection (1) , the Trust may arrange for the insurance of the Guarantee Fund against particular claims or particular classes of claims.

(3)  The proceeds paid under a policy of insurance against particular claims or particular classes of claims are to be paid into the Guarantee Fund, and a claimant is not entitled to have direct recourse to the proceeds or any part of them.

(4)  No liability (including liability in defamation) is incurred by a protected person in respect of anything done or omitted to be done in good faith for the purpose of arranging for the insurance of the Guarantee Fund.

(5)  In this section –

protected person means –

(a) the Trust or a member of the Trust; or

(b) a person acting at the direction of any person or entity referred to in this definition.