Section 160-MM. Liability insurance

Latest version.

The fund shall purchase such insurance
  as  is necessary to protect the fund and any director, officer, agent or
  other representative from liability  for  their  administration  of  the
  fund,  and  shall,  to  the  extent  permitted  by  law,  indemnify such
  directors, officers, agents  or  other  representatives  and  hold  them
  harmless from liability for their administration of the fund.

                    
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