Indemnity against loss
19 Indemnity against loss
A surveyor must not practise surveying unless—
an agreement is in force between the surveyor and a person approved by the Institution of Surveyors; and
the Institution of Surveyors is satisfied that, by virtue of that agreement, the surveyor will be compensated to the extent required by the
Institution of Surveyors in the event that he or she suffers loss by reason of civil liability incurred in the practice of surveying. Maximum penalty: Penalty: Division 5 fine.
The Institution of Surveyors may, on such conditions as it thinks fit, exempt a person or a class of persons from the requirements of this section and may, whenever it thinks fit, revoke an exemption or vary the conditions under which an exemption operates.
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