48MJurisdiction in relation to actions against refusal of insurance claims

48M Jurisdiction in relation to actions against refusal of insurance claims

48M Jurisdiction in relation to actions against refusal of insurance claims

Despite section 48K, a building claim that relates to the refusal of an insurance claim that exceeds $500,000 (or any other higher or lower figure prescribed by the regulations) is to be heard by a court of competent jurisdiction.

s 48M: Ins 2001 No 51, Sch 4 [1].