DUTIES ACT 2000 - SECT 176 What is general insurance?

DUTIES ACT 2000 - SECT 176

    (1)     General insurance is any kind of insurance that is applicable to—

        (a)     property in Victoria; or

        (b)     a risk, contingency or event concerning an act or omission that, in the normal course of events, may occur within, or partly within, Victoria—

or both.

    (2)     "General insurance" includes insurance effected in respect of trauma or a disabling or incapacitating injury, sickness, condition or disease.

Note to s. 176(2) inserted by No. 40/2014 s. 4(1)(b).

Note

General insurance also includes life insurance policy riders—see section 196B.

S. 176(3) amended by No. 40/2014 s. 4(1)(c).

    (3)     "General insurance" does not include insurance that is exempt from duty by Division 5.