INSURANCE CONTRACTS ACT 1984 - SECT 37B Meaning of flood in prescribed contracts etc.
INSURANCE CONTRACTS ACT 1984 - SECT 37B
Meaning of flood in prescribed contracts etc.(1) The regulations must define the meaning of flood for the purposes of this Division.
(2) In a prescribed contract (or a notice or other document or information given by the insurer in relation to a prescribed contract):
(a) the word flood has the meaning given by the regulations; and
(b) other parts of speech or grammatical forms of that word have corresponding meanings.
(3) Subsection (2) has effect in relation to a prescribed
contract (or a notice or other document or information given by the insurer in
relation to a prescribed contract) even if the meaning of the word flood (or
other parts of speech or grammatical forms of that word) provided by the
contract (or the notice or other document or information) is different from
the meaning of flood given by the regulations.