(1) This section is made for the purposes of section 33A of the Act.
(2) Each of the following class of contracts of insurance is declared to be a class of contracts in relation to which Division 4 of Part IV of the Act applies:
(a) a home buildings insurance contract;
(b) a home contents insurance contract.
(3) In this Division, prescribed contract and potential prescribed contract ha ve the same mean ings as in section 33A of the Act.