New South Wales Consolidated Acts

HOME BUILDING ACT 1989 - SECT 103

103 Requirements for professional indemnity and other insurance

(1) The regulations may set out requirements for professional indemnity insurance and other similar forms of insurance entered into for the purposes of this Part. The requirements are in addition to those made under section 102.

(2) Without limiting subsection (1), regulations may be made for or with respect to:

(a) conditions of contracts of insurance relating to automatic run-off cover, and

(b) conditions of contracts of insurance requiring renewal of contracts of insurance for a period sufficient to provide cover of a duration required by or under this Act, and

(c) the period for which a contract of insurance must provide cover.