Commonwealth Consolidated Acts

INSURANCE CONTRACTS ACT 1984 - SECT 42

                   The maximum liability of the insurer under a contract of general insurance is the highest amount of insurance cover that the insurer would, at the time when the contract was entered into, have been prepared to provide under a contract that was, apart from the maximum liability under that contract, in the same terms and in respect of the same subject‑matter and risk as those of the first‑mentioned contract.