Under the Insurance Act of 1973, brokers must obtain written consent from the Insured to place business with a unauthorized foreign Insurer and the Insured must pay a punitive tax. Mostly annual but project coverages can have a longer duration. Brokers and agents are represented in the market. There are no restrictions. Brush fires, windstorms, cyclones, floods, earthquake, hail.
Flood is available for additional premium.
Liability from the use of motor vehicles is excluded. Bodily Injury unlimited. Property Damage is not compulsory. Insured, any licensed driver with Insured's permission, and Insured driving a substitute vehicle not owned by the Insured. Victoria and Tasmania maintain no-fault programs though Common Law is in play.