Commonwealth Numbered Acts

INSURANCE LAWS AMENDMENT ACT 1991 No. 1 of 1992 - SECT 4

4. Section 3 of the Principal Act is amended by inserting the following
definitions:

" `actuary' has the meaning given by section 3A;
`outstanding claims provision', in relation to a body corporate, means so much
of the total provision for liabilities made in its accounts as consists of
provision for claims, reduced by any allowance made in its accounts for
reinsurance recoverables in respect of the claims;".