Victorian Consolidated Legislation

House Contracts Guarantee Act 1987 - SECT 37

Indemnity

37. Indemnity



(1) Subject to this Part, the State must indemnify any person who is entitled
to an indemnity under a HIH policy to the extent of the indemnity under that
policy.

(2) Despite any provision of a HIH policy which limits the liability of HIH if
it ceases to trade, a person is deemed for the purposes of this section to be
entitled to an indemnity under a HIH policy if that person would have been
entitled to that indemnity if HIH had not ceased to trade.