(1) General insurance
is any kind of insurance that is applicable to —
(a)
property in Western Australia; or
(b) a
risk, contingency or event concerning an act or omission that, in the normal
course of events, may occur within, or partly within, Western Australia,
or both.
(2) General insurance
does not include any of the following —
(a) life
insurance;
(b)
insurance against an employer’s liability to pay compensation under the
Workers Compensation and Injury Management Act 2023 ;
(c)
reinsurance (that is, the indemnification of one party by another against
liability or payment arising under a contract or contracts of insurance or
reinsurance);
(d)
insurance in respect of goods in the course of being transported, whether by
rail, road, air or sea, and whether within Western Australia or elsewhere;
(e)
insurance in respect of a marine hull used primarily for commercial purposes;
(f)
insurance effected by an exempt body;
(g)
insurance issued by a private health insurer (as defined in the
Private Health Insurance Act 2007 (Commonwealth) Schedule 1) in the course of
its health insurance business (as defined in section 121- 1 of that Act);
(h)
insurance under the Defence Service Homes Insurance Scheme (as defined in the
Defence Service Homes Act 1918 (Commonwealth) section 38);
(i)
offshore risk insurance;
(j)
insurance of a prescribed class.
[Section 209 amended: No. 21 of 2023 s. 709(2).]