The Legal Practitioners Indemnity Insurance Fund (LPIIF) is a non-profit, short-term insurance company, duly incorporated under the company laws of the Republic of South Africa (registration no. 93/03588/08) and subject to the Short Term Insurance Act 53 of 1998.
In 1993, the LPIIF was established by the Legal Practitioners Fidelity Fund (LPFF) in terms of the powers conferred on it to provide professional indemnity insurance to legal practitioners, by sections 40A and 40B of the Attorneys Act 53 of 1979. (S77 of the Legal Practice Act 28 of 2014 confers similar powers to the AFF’s successor in title, the Legal Practitioners’ Fidelity Fund (LPFF).
The AIIF’s primary purpose is to provide all legal practitioners who are obliged to be in possession of a Fidelity Fund certificate, with a primary level of professional indemnity insurance. As an added service to the public and the profession, the LPIIF also provides bonds of security to attorneys appointed as executors of deceased estates (within certain limits).