Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) The following class of contracts of insurance is declared to be a class of contracts in relation to which Division 1 of Part V of the Act applies, namely, contracts that provide insurance cover (whether the cover is limited or restricted in any way) in respect of the insured person :
(a) contracting a sickness or disease or a specified sickness or disease ; or
(b) sustaining an injury or a specified injury ;
where the insured or one of the insureds is a natural person .
(2) However, the class of contracts does not include any of the following:
(a) a life policy within the meaning of the Life Insurance Act 1995 ;
(b) a continuous disability insurance contract incorporated within a life policy within the meaning of the Life Insurance Act 1995 ;
(c) a sickness and accident polic y that:
(i) is guaranteed renewable at the option of the insured; or
(ii) the insurer guarantees not to cancel in response to a change in the risk;
where the policy has been effected for a predetermined period of years in excess of 1 year;
(d) a contract that is included in a class of contracts that is declared by some other section to be a class of contracts in relation to which Division 1 of Part V of the Act applies.