---
title: "Prepare an officers' indemnity and insurance deed within the statutory limits"
url: "https://ailawframework.com/practice/commercial-and-corporate-advisory/prepare-an-officers-indemnity-and-insurance-deed-within-the-statutory-li"
type: "task"
site: "AI Law Framework"
id: "A1-JU20261022-2"
practice_area: "Commercial & Corporate Advisory (contracts, company law, governance)"
tier: "yellow"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Prepare an officers' indemnity and insurance deed within the statutory limits

> From the instructions and sections 199A and 199B, prepare a first-pass deed of indemnity, access and insurance that carves out an exemption of a liability owed to the company, the indemnities section 199A does not…

Canonical page: https://ailawframework.com/practice/commercial-and-corporate-advisory/prepare-an-officers-indemnity-and-insurance-deed-within-the-statutory-li  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Commercial & Corporate Advisory (contracts, company law, governance)](https://ailawframework.com/practice/commercial-and-corporate-advisory.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | From the instructions and sections 199A and 199B, prepare a first-pass deed of indemnity, access and insurance that carves out an exemption of a liability owed to the company, the indemnities section 199A does not allow, and a premium for insurance against a wilful breach of duty or a contravention of section 182 or 183. |
| What the lawyer must review | The lawyer checks every operative clause against sections 199A and 199B, rewrites anything that crosses the limits, and approves the deed before it is executed. |
| Written for / versions | 1 jurisdiction versions below |

## Checking plan

**Source-by-source verification**

Read each indemnity and insurance clause against sections 199A and 199B.

- What the AI does: From the instructions and sections 199A and 199B, prepare a first-pass deed of indemnity, access and insurance that carves out an exemption of a liability owed to the company, the indemnities section 199A does not allow, and a premium for insurance against a wilful breach of duty or a contravention of section 182 or 183.
- What the lawyer does: The lawyer checks every operative clause against sections 199A and 199B, rewrites anything that crosses the limits, and approves the deed before it is executed.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Practical workflow informed by the linked primary sources; the traffic light and working checks are editorial guidance, not a court classification.
- Why: The level reflects what the work is, the consequence of an error, and how much of the output the lawyer must independently re-derive.

## Checks the lawyer makes

1. Confirm the deed does not exempt an officer from a liability to the company.
2. Confirm it does not indemnify a liability to the company, a stated penalty or compensation order, or a liability to a third party that did not arise from conduct in good faith.
3. Separate the legal-costs indemnity and apply the limits in section 199A(3), including where the officer is found guilty or is refused relief.
4. Confirm the company does not pay a premium to insure a wilful breach of duty or a contravention of section 182 or 183, other than for legal costs.

## Notes

- These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.

## Sources

- [Corporations Act 2001 (Cth) s 199A](https://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s199a.html) (checked 2026-10-22)
- [Corporations Act 2001 (Cth) s 199B](https://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s199b.html) (checked 2026-10-22)

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/commercial-and-corporate-advisory/prepare-an-officers-indemnity-and-insurance-deed-within-the-statutory-li/united-states.md) | Yellow |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*