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Home/Legislation/Insurance Contracts Act 1984/16

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Insurance Contracts Act 1984

16Insurable interest not required

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#### 16 Insurable interest not required (1) A contract of general insurance is not void by reason only that the insured did not have, at the time when the contract was entered into, an interest in the subject‑matter of the contract.

Previous sectionDivision 1General insurance Next section17Legal or equitable interest not required at time of loss

Section 16 - Insurance Contracts Act 1984 - Insurable interest not required — Zoe