# The Transport Act 2000 (Civil Aviation Authority Pension Scheme) Order 2001, Paragraph 18.7: Trustee insurance


The Trustees shall have power to take out insurance against any loss caused by or arising out of any action, claim or demand made against any Trustee or former Trustee or any of their delegates or any officer or employee of a corporate trustee. The Trustees may also insure themselves and any of those persons against liability for breach of trust not involving the personal conscious wrongdoing or fraud of the person concerned. The premiums of any such insurance shall be treated as an expense of the Scheme, and dealt with in accordance with Clause 13.2, but subject to section 31 of the Pensions Act 1995.

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Source: https://www.legislation.gov.uk/uksi/2001/853/schedule/1/paragraph/18.7 (the official version)
Page: https://openlegislation.uk/transport-act-2000-civil-aviation-authority-pension-scheme-order-2001/schedule-1/paragraph-18.7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.