103BATime 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 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. > > > (2) A loss that becomes apparent in the last 6 months of the period of insurance has an extended claim period, which permits a claim in respect of the loss to be made within 6 months after the loss becomes apparent. There is no extended claim period for a loss that arises from non-completion of work. > > > (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. > > > (4) In this section and sections 103BB and 103BC— > > > > loss means loss indemnified by a contract of insurance under Part 6. > > > > period of insurance means the period for which a contract of insurance under Part 6 provides cover. > > **s 103BA:** Ins 2009 No 24, Sch 1 \[3\]. Subst 2011 No 52, Sch 1 \[27\]. Am 2014 No 24, Sch 1 \[100\]; 2017 No 28, Sch 1 \[2\].