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Insurance Contracts Act 1984

Submitted by Richard_Li on
Distinguished Terms in this instrument
Term(s) Definition Defined in Legislation See Section(s)
ASIC

means the Australian Securities and Investments Commission.

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation
avoid

, in relation to a contract of insurance, means from its inception.

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation
benefit derived and detriment avoided

because of an offence has the meaning given by section 75F.

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 75F Meaning of benefit derived and detriment avoided because of a contravention of a civil penalty provision
Insurance Contracts Act 1984 - 11 Interpretation
binder

means an authority given by an insurer to an insurance intermediary to enter into, as agent for the insurer, contracts of insurance on behalf of the insurer as insurer.

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation
brokers placing slip

means a document that:

(a) is evidence of a contract of insurance; and

(b) bears a notation by an insurer setting out the extent of the insurance cover that the insurer agrees to provide under the contract.

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation
business day

means a day that is not a Saturday, a Sunday or a public holiday or bank holiday.

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation
civil penalty provision

: a subsection of this Act (or a section of this Act that is not divided into subsections) is

a

if:

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation
consumer credit insurance

means insurance provided by a class of contracts of insurance:

(a) that is declared by the regulations to be a class of contracts to which Division 1 of Part V of this Act applies; and

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation
consumer insurance contract

has the meaning given by section 11AB.

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation
Insurance Contracts Act 1984 - 11AB Consumer insurance contracts
contravention

:

(a) in relation to an offence against a law—includes an ancillary offence relating to the offence against the law; and

(b) in relation to a civil penalty provision—has a meaning affected by section 75Q.

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 75Q Attempt and involvement in contravention treated in same way as actual contravention
Insurance Contracts Act 1984 - 11 Interpretation
duty of disclosure

means the duty referred to in section 21.

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation
Insurance Contracts Act 1984 - 21 The insured’s duty of disclosure
duty of the utmost good faith

means the duty referred to in section 13.

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation
Insurance Contracts Act 1984 - 13 The duty of the utmost good faith
duty to take reasonable care not to make a misrepresentation

means the duty referred to in section 20B.

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation
Insurance Contracts Act 1984 - 20B The insured’s duty to take reasonable care not to make a misrepresentation
engage in conduct

means:

(a) do an act; or

(b) omit to perform an act.

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation
friendly society

has the meaning given by section 16C.

Life Insurance Act 1995 Life Insurance Act 1995 - 16B Definitions
Life Insurance Act 1995 - 16C What is a friendly society?
group life contract

means a contract of life insurance that is maintained for the purposes of:

(a) a superannuation or retirement scheme under which there can be more than one life insured; or

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation
guardian

, in relation to a person who has not attained the age of 18 years, means a person who acts in the place of a parent of the person but does not include a person who so acts only for limited or particular purposes or periods.

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation
holder

has the meaning given by section 9.

Retirement Savings Accounts Act 1997 Retirement Savings Accounts Act 1997 - 16 Definitions
Retirement Savings Accounts Act 1997 - 9 Meaning of hold and holder
infringement notice

means a notice given under section 75W.

Insurance Contracts Act 1984
insurance broker

means a person who carries on the business of arranging contracts of insurance, whether in Australia or elsewhere, as agent for intending insureds.

Insurance Contracts Act 1984 Insurance Contracts Act 1984 - 11 Interpretation

This site is generated from open public information stored in the Finance Knowledge Graph. For more information, please see: About structure.gov.au.