Queensland Consolidated Regulations Queensland Consolidated Regulations(1) For the purposes of section 136(2) of the Code, the credit provider is to give the debtor particulars of the key features of the credit-related insurance contract.
(2) The key features of the contract are the following--
(a) the name of the insurer;
(b) the kind of insurance, the risks insured against and the exclusions;
(c) the beneficiaries under the policy;
(d) the expiry date of the policy;
(e) the premium payable (to the extent ascertainable);
(f) the fees and charges payable (to the extent ascertainable);
(g) the person by whom, and the person with whom, a claim may be made in respect of the policy, and the manner of making such a claim.
(3) The written notice of any of the particulars referred to in subsection (2) may be given by the provision of a copy of the policy containing those particulars.
Note--
Section 136(2) of the Code provides that, if a credit provider enters into a credit-related insurance contract in which the debtor has a beneficial interest, the credit provider must ensure that a written notice containing particulars of the insurance prescribed by the regulations is given to the debtor within 14 days after the beneficial interest is acquired by the debtor. Credit-related insurance consists of insurance over mortgaged property or consumer credit insurance.