Document ID: chunk:federal_register_of_legislation:C2025C00135:section:10
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 10
Character Range: 35822–36371

10  Issue and ownership of policies
 (1) For the purposes of this Act:
 (a) a life company issues a policy when the company enters into the contract that constitutes the policy; and
 (b) a policy is issued to the person with whom the life company enters into the contract.
 (2) For the purposes of this Act, the owner of a policy is:
 (a) the person to whom the policy is issued; or
 (b) if the rights of that person under the policy have been assigned under this Act or transferred by the operation of the policy, the person who has those rights.