Every individual practitioner who, on the date of a claim being made, is practising in South Africa is indemnified by the policy automatically. The contract gives no right of indemnity to anyone except a legal practitioner.
An attorney may not, without the insurer’s consent, cede their right to obtain indemnification under the PI policy to a client who has lost the funds because of the personal, restricted and statutorily regulated nature of the insurer’s obligation to its attorney insured.
The purported cession would make the client the person making the claim as well as the insured seeking an indemnity under the policy. The client, a victim of the fraudulent conduct, would step into the shoes of the fraudster. That is an untenable situation having regard to the nature of the legal relationship between the attorney’s insurer and attorney insured.
In addition, a contract cannot be ceded if the cession will impose a greater burden on the other party. In this case the cession would allow an entity which is not a practising attorney to become an insured which would place an entirely different burden on the insurer.
On both grounds, the purported agreement of cession was declared invalid and incapable of giving the appellant legal standing to sue the insurers.
The case is Propell Specialised Finance vis Attorneys Insurance Indemnity Fund NPC.