Document ID: chunk:federal_register_of_legislation:C2013A00075:clause:6_17
Version: federal_register_of_legislation:C2013A00075
Segment Type: clause
Provision Reference: sch 6 cl 17
Character Range: 55036–56003

17  Application
(1) The amendments made by this Part apply to a contract of life insurance that is originally entered into after the commencement of this item.
(2) If:
 (a) a contract of life insurance that was originally entered into before the commencement of this item is varied after that commencement to:
 (i) increase a sum insured under the contract in respect of one or more of the life insureds; or
 (ii) provide one or more additional kinds of insurance cover; and
 (b) the variation was not an automatic variation but was required to be expressly agreed between the insurer and the insured before the contract was varied;
then:
 (c) the contract is treated, to the extent of the variation, as if it had been originally entered into after the commencement of this item; and
 (d) the amendments made by this Part apply to the contract to the extent of the variation.

Part 4—Rights of third parties to recover against insurers

Insurance Contracts Act 1984