HOME BUILDING ACT 1989 - SECT 103BA
Time limits for policies issued between 1.5.1997 and 30.6.2002
HOME BUILDING ACT 1989 - SECT 103BA
Time limits for policies issued between 1.5.1997 and 30.6.2002
103BA Time limits for policies issued between 1.5.1997 and 30.6.2002
(1) A contract of insurance under the Home Building Compensation Fund entered
into on or after 1 May 1997 and before 1 July 2002 provides insurance cover in
respect of loss only if a claim in respect of the loss is made to the insurer
during the period of insurance.
(3)
For the purposes of this section and section 103BB, a loss "becomes apparent" when a beneficiary under the contract of insurance first
becomes aware (or ought reasonably to have become aware) of the loss.