Western Australian Current Acts

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DUTIES ACT 2008 - SECT 210

210 .         Additional insurance in life insurance policy is general insurance

        (1)         This section does not apply to a policy of life insurance unless the insured person’s place of residence is in Western Australia.

        (2)         If —

            (a)         a policy of life insurance, in addition to providing life insurance, also provides for the payment of a benefit on the happening of a contingency or event that does not relate to or depend on a life or lives (the additional insurance ); and

            (b)         an identifiable part of the premium payable in respect of the policy is attributable to the additional insurance,

                the additional insurance provided under or in accordance with the policy is taken to be general insurance and not life insurance for the purposes of this Chapter.

        (3)         Subsection (2) applies —

            (a)         whether or not the life insurance and the additional insurance are distinct matters; and

            (b)         whether or not payment of a benefit under the additional insurance component of the policy —

                  (i)         will or may reduce the benefit payable under the life insurance component of the policy; or

                  (ii)         will or may terminate the policy.



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