Document ID: chunk:federal_register_of_legislation:C2025C00135:section:223
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 223
Character Range: 399245–399958

223  Other matters relating to certain replacement policy documents
 (1) This section applies if the amount of the net claim value of a policy at the date the replacement policy document is issued is more than $25,000 or such other amount as is prescribed.
 (2) For the purposes of subsection (1), the net claim value of a policy at a particular time is the amount calculated according to the regulations.
 (5) After a replacement policy document has been issued, the company must arrange for the following details to be entered in the appropriate register kept under Division 8:
 (a) the fact that a replacement policy document has been issued;
 (b) the reason for the issue of the replacement policy document.