Commonwealth Consolidated Acts

LIFE INSURANCE ACT 1995 - SECT 10

             (1)  For the purposes of this Act:

                     (a)  a life company issues a policy when the company enters into the contract that constitutes the policy; and

                     (b)  a policy is issued to the person with whom the life company enters into the contract.

             (2)  For the purposes of this Act, the owner of a policy is:

                     (a)  the person to whom the policy is issued; or

                     (b)  if the rights of that person under the policy have been assigned under this Act or transferred by the operation of the policy, the person who has those rights.