Commonwealth Consolidated Regulations

INSURANCE CONTRACTS REGULATIONS 2017 - REG 27

    The following class of contracts of insurance is declared to be a class of contracts 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:

  (a)   the death of the insured; or

  (b)   the insured:

  (i)   contracting a sickness or disease; or

  (ii)   sustaining an injury; or

  (iii)   becoming unemployed;

where :

  (c)   the insured or one of the insureds is a natural person; and

  (d)   the amount of the liability of the insurer under the contract is to be ascertained by reference to a liability of the insured under a specified agreement to which the insured is a party.