October 09 2012
Under the legislative reform of Italy's professional bodies (in particular, Article 3(5) of Decree Law 138/2011, converted (with amendments) into Law 148/2011), anyone providing professional services is now required to take out an insurance policy covering the third-party liability that may derive from such services (for further details please see "Mandatory indemnity policies for professionals").
Presidential Decree 137/2012 established the regulation reforming the professional bodies. Among its provisions, Article 5 establishes that "the insurance obligation... becomes effective twelve months after the coming into force of this Decree" (emphasis added).
Therefore, professionals must comply with the duty to take out a professional insurance policy by August 7 2013.
ILO provides online commentaries as specialist Legal Newsletters. Written in collaboration with over 500 of the world's leading experts and covering more than 100 jurisdictions, it delivers individually requested information via email to an influential global audience of law firm partners and international corporate counsel. Please click here to register for the service.
The materials contained on this website are for general information purposes only and are subject to the disclaimer.
ILO is a premium online legal update service for major companies and law firms worldwide. In-house corporate counsel and other users of legal services, as well as law firm partners, qualify for a free subscription. Register at www.iloinfo.com.