Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_985a
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 985A
Character Range: 465043–465987

985A  Definitions etc.

 (1) In this Division:

contract of insurance includes a contract of life insurance.

Note: Contract of life insurance has a meaning affected by subsection (2).

insured, in relation to a contract of life insurance, means a person (other than the insurer) who is entitled to a benefit under the contract, whether that person is the life insured or some other person.

Note: Intending insured has a corresponding meaning.

 (2) For the purposes of this Division, if:
 (a) a life policy (within the meaning of the Life Insurance Act 1995) would not ordinarily be regarded as a contract of life insurance; and
 (b) liability under the policy is borne by a company registered under that Act; and
 (c) the policy was entered into after the commencement of section 9D of the Insurance (Agents and Brokers) Act 1984 as in force before the commencement of this Chapter;
the policy is taken to be a contract of life insurance.