Document ID: chunk:federal_register_of_legislation:C2025C00185:section:562a:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 562A (pt 2/2)
Character Range: 1896529–1897417

extra in order to have particular relevant contracts of insurance protected by reinsurance; and
 (c) whether particular relevant contracts of insurance include statements to the effect that the contracts are to be protected by reinsurance; and
 (d) whether a person to whom an amount is payable under a relevant contract of insurance would be severely prejudiced if subsections (2) and (3) applied to the amount received under the contract of reinsurance.
 (6) If receipt of a payment under this section only partially discharges a liability of the company to a person, nothing in this section affects the rights of the person in respect of the balance of the liability.
 (7) This section has effect despite any agreement to the contrary.
 (8) In this section:
relevant contract of insurance means a contract of insurance entered into by the company, as insurer, before the relevant date.