4Exemption of certain contracts of insurance—the Act, s 21

4 Exemption of certain contracts of insurance—the Act, s 21

4 Exemption of certain contracts of insurance—the Act, s 21

For the Act, section 21(1)(b)—

(a) contracts of marine insurance and contracts of life insurance are exempt from the operation of the Act, sections 18, 19 and 20, and

(b) contracts of insurance subject to the Insurance Contracts Act 1984 of the Commonwealth are exempt from the operation of the Act, sections 18, 18A, 18B and 19, and

(c) contracts of reinsurance are exempt from the operation of the Act, sections 18, 18A, 18B and 19.

Note—

See the Act, section 21(2) for other exemptions.