Document ID: chunk:federal_register_of_legislation:C2013A00075:clause:4_11
Version: federal_register_of_legislation:C2013A00075
Segment Type: clause
Provision Reference: sch 4 cl 11
Character Range: 30208–30845

11  After subsection 11(10)
Insert:
 (10A) This subsection applies to a variation of a contract of insurance if:
 (a) the variation:
 (i) is involved in a renewal, extension or reinstatement of the contract; or
 (ii) will provide a kind of insurance cover that was not provided by the contract immediately before the variation; or
 (iii) in the case of a contract of life insurance—will increase a sum insured under the contract in respect of one or more of the life insureds; and
 (b) the variation is not an automatic variation but is required to be expressly agreed between the insurer and the insured before the contract is varied.