Commonwealth Consolidated Acts

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INSURANCE CONTRACTS ACT 1984 - SECT 61

Insurers in liquidation

  (1)   Where an insurer under a contract of general insurance is a company that is in liquidation, the insurer may at any time cancel the contract.

  (2)   Subsection   (1) does not affect the operation of a law (including a law of a State or Territory) that relates to the disclaimer of unprofitable contracts to which a company that is in liquidation is a party.



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