Insurance Contracts Regulations 1985
21Prescribed contracts
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21 Prescribed contracts
The following class of contracts of insurance is declared to be a class of contracts to which Division 1 of Part V of the Act applies, namely, contracts that provide insurance cover (whether the cover is limited or restricted in any way) in respect of: (a) the death of the insured; or (b) the insured: (i) contracting a sickness or disease; (ii) sustaining an injury; or (iii) becoming unemployed; where: (c) the insured or one of the insureds is a natural person; and (d) the amount of the liability of the insurer under the contract is to be ascertained by reference to a liability of the insured under a specified agreement to which the insured is a party.