Section 81

An IBC may purchase and maintain insurance in relation to any person who is or was a director, officer or liquidator of the IBC or who, at the request of the IBC, is or was serving as a director, officer or liquidator of, or in any other capacity is or was acting for, another company or a partnership, joint venture, trust or other enterprise, against any liability asserted against that person and incurred by him in that capacity, whether or not the IBC has or would have had power under section 80 to indemnify that person against the liability.