INSURANCE CONTRACTS ACT 1984 - SECT 32 Relevant failure by life insured covered under group life contract
INSURANCE CONTRACTS ACT 1984 - SECT 32
Relevant failure by life insured covered under group life contract(1) This Division extends to the case where there was a relevant failure in respect of a proposed life insured under a group life contract, as if:
(a) the insurance cover provided by the group life contract in respect of the life insured were provided by an individual contract of life insurance between the insurer and the insured; and
(b) the group life contract had been entered into at the time when the proposed life insured became a life insured under the group life contract.
(2) For the purposes of this Division, if the relevant failure
occurred after the proposed life insured became a member of the relevant
superannuation, retirement or other group life scheme but before the insurance
cover was provided by the group life contract in respect of the life insured,
then the failure is taken to have occurred before the proposed life insured
became a life insured under the group life contract.