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HOME BUILDING ACT 1989 - SECT 104A
Approval of alternative indemnity products
104A Approval of alternative indemnity products
(1) The Authority may approve the use of an alternative indemnity product to
provide cover for loss of a kind that is required to be covered by an
insurance contract under Part 6 for at least the period for which any such
cover is required to be provided.
(2) The Authority must not approve an
alternative indemnity product unless it is satisfied that the product will
provide cover for loss of that kind.
(3) An approval may be unconditional or
subject to conditions.
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