Insurance Act 1902
 
INSURANCE REGULATION 2009
 
 
- Made under the Insurance Act 1902
 
- As at 1 September 2009
 
- Reg 426 of 2009
 
 
 
 
 

TABLE OF PROVISIONS
 


TABLE OF PROVISIONS

1. Name of Regulation

2. Commencement

3. Definition

4. Exemption of certain contracts of insurance

5. Savings



 

INSURANCE REGULATION 2009
- REG 1
Name of Regulation
 
 
1 Name of Regulation
This Regulation is the Insurance Regulation 2009.
 

INSURANCE REGULATION 2009
- REG 2
Commencement
 
 
2 Commencement
This Regulation commences on 1 September 2009 and is required to be published
on the NSW legislation website.
     Note: This Regulation replaces the Insurance Regulation 2004 which is
     repealed on 1 September 2009 by section 10 (2) of the Subordinate
     Legislation Act 1989.
 

INSURANCE REGULATION 2009
- REG 3
Definition
 
 
3 Definition
     (1) In this Regulation:
     "the Act" means the Insurance Act 1902.
     (2) Notes included in this Regulation do not form part of this
     Regulation.
 

INSURANCE REGULATION 2009
- REG 4
Exemption of certain contracts of insurance
 
 
4 Exemption of certain contracts of insurance
For the purposes of section 21 (1) (b) of the Act:
     (a) contracts of marine insurance and contracts of life insurance are
     exempt from the provisions of Part 6 of the Act (other than the
     provisions from which those contracts are already exempt by virtue of
     section 21 (2) of the Act), and
     (b) contracts of insurance that are subject to the Insurance
     Contracts Act 1984 of the Commonwealth and contracts of reinsurance
     are exempt from the operation of sections 18, 18A, 18B and 19 of the
     Act.
 

INSURANCE REGULATION 2009
- REG 5
Savings
 
 
5 Savings
Any act, matter or thing that, immediately before the repeal of the Insurance
Regulation 2004, had effect under that Regulation continues to have effect
under this Regulation.
 

INSURANCE REGULATION 2009
- NOTES
 


Her Excellency the Governor, with the advice of the Executive Council, has made
the following Regulation under the Insurance Act
1902.

Attorney General




 

INSURANCE REGULATION 2009
- NOTES
 

Explanatory note
The object of this Regulation is to remake, with some amendments, the
provisions of the Insurance Regulation
2004, which is repealed on 1 September 2009 by section 10 (2) of the
Subordinate Legislation Act
1989.

This Regulation provides for contracts of reinsurance to be exempt from
sections 18, 18A, 18B and 19 of the Insurance
Act 1902 (

"the
Act").

This Regulation also makes provision with respect to the following:
     (a) exempting certain contracts of insurance from provisions of Part
     6 of the Act,

     (b) savings and formal matters.
This Regulation is made under the Insurance
Act 1902, including section 21 (1).

This Regulation comprises or relates to matters set out in Schedule 3 to the
Subordinate Legislation Act
1989, namely matters of a machinery nature and matters that are not likely to
impose an appreciable burden, cost or disadvantage on any sector of the public.




 

INSURANCE REGULATION 2009
- NOTES
 

Historical notes
The following abbreviations are used in the Historical notes:

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Table of amending instrumentsInsurance Regulation 2009
(426). LW 28.8.2009. Date of commencement, 1.9.2009, cl 2.