Commonwealth Consolidated Regulations

INSURANCE CONTRACTS REGULATIONS 1985 - REG 21

The following class of contracts of insurance is declared to be a class of contracts to which Division 1 of Part V of the Act applies, namely, contracts that provide insurance cover (whether the cover is limited or restricted in any way) in respect of:

(a)

the death of the insured; or

(b)

the insured:

(i)

contracting a sickness or disease;

(ii)

sustaining an injury; or

(iii)

becoming unemployed;

where:

(c)

the insured or one of the insureds is a natural person; and

(d)

the amount of the liability of the insurer under the contract is to be ascertained by reference to a liability of the insured under a specified agreement to which the insured is a party.