Document ID: chunk:federal_register_of_legislation:C2024C00065:section:8b:p2
Version: federal_register_of_legislation:C2024C00065
Segment Type: section
Provision Reference: s 8B (pt 2/2)
Character Range: 20762–22587

for the purposes of that paragraph.
home building means a home building as defined by the regulations for the purposes of that paragraph.

Exclusion from subsection (3) of buildings owned and managed by government entities
 (5) Paragraph (3)(a) or (d) does not apply if:
 (a) the insured is a government entity as defined by the regulations for the purposes of this subsection; and
 (b) the home building or building, as the case may be, is managed by such a government entity (whether or not the same as the one referred to in paragraph (a) of this subsection).

Other exclusions
 (6) A contract is not a pool insurance contract to the extent that it provides cover of a kind referred to in paragraph (3)(a) or (b) if the contract also provides cover that would be of a kind referred to in paragraph (3)(d) but for the fact that the last‑mentioned cover does not satisfy subparagraph (3)(d)(ii).
 (7) A contract is not a pool insurance contract to the extent that:
 (a) it is a contract of reinsurance; or
 (b) it provides insurance cover (other than insurance cover of a kind referred to in paragraph (3)(a) or (b)) to a farm business, including:
 (i) producing crops or livestock, or produce derived from the crops or livestock; and
 (ii) secondary processing of, or manufacturing goods from, the crops, livestock or produce, at the place where the crops or livestock are produced; and
 (iii) the interests of the insured in property used in doing something covered by subparagraph (i) or (ii) of this paragraph; or
 (c) it is prescribed by the regulations for the purposes of this subsection.
 (8) A contract of insurance is not a pool insurance contract if it is made in the course of State insurance not extending beyond the limits of the State concerned.
 (9) Subsections (6) to (8) have effect despite subsection (1).