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Insurance Legislation Amendment Act 1989

No. 16 of 1989

TABLE OF PROVISIONS

PART I—PRELIMINARY
Section
   1. Short title
   2. Commencement

PART II—AMENDMENT OF THE INSURANCE ACT 1973

   3. Principal Act
   4. Interpretation
   5. Repeal of section 113
   6. Offences

PART III—AMENDMENT OF THE INSURANCE AMENDMENT ACT 1983

   7. Principal Act
   8. Interpretation

PART IV—AMENDMENT OF THE INSURANCE (AGENTS AND BROKERS) ACT 1984

   9. Principal Act
  10. Interpretation
  11. Insertion of new section:
             9a. Meaning of references to arranging contracts etc. with unauthorised foreign insurers
  12. Registration of brokers
  13. Inspection of documents
TABLE OF PROVISIONS—continued
Section
  14. Insertion of new sections:
             25a. Annual return
             25b. Notification of foreign agency agreements
  15. Insertion of new Part:

PART IIIa—REGISTRATION OF FOREIGN INSURANCE AGENTS

             31a. Interpretation
             31b. Foreign insurance agents not to carry on business unless registered
             31c. Applications for registration
             31d. Registration of foreign insurance agents
             31e. Register to be kept
             31f. Inspection of documents
             31g. Delay in registration or renewal
             31h. Suspension or cancellation of registration
             31j. Annual return
             31k. Notification of foreign agency agreements
       16. Insurance intermediary to notify insured if insurer is an unauthorised foreign insurer
       17. Accounts and audit
       18. Certain particulars to be included in reports

PART V—AMENDMENT OF THE LIFE INSURANCE AMENDMENT ACT 1977

       19. Principal Act
       20. Repeal of sections 6, 7, 10, 13 and 35

PART VI—AMENDMENT OF THE LIFE INSURANCE ACT 1945

       21. Principal Act
       22. Interpretation
       23. Actuaries
       24. Annual report and returns
       25. Repeal of section 13
       26. Application for registration
       27. Insertion of new section:
             21a. Company not to be registered unless it has an appointed actuary
       28. Investment of statutory funds
       29. Insertion of new Division:
Division 4a—Appointed Actuaries
             47a. Appointment etc. of actuary
             47b. Registered company required to appoint actuary
             47c. Registered company to notify appointment
             47d. Registered company to notify if appointed actuary ceases to act
       30. Actuarial reports, abstracts and statements of life insurance business
       31. Provisions as to valuations
       32. Payments of dividends and bonuses from statutory funds
       33. Accounts, balance-sheets etc. to be signed and lodged with Commissioner
       34. Insertion of new section:
             53a. Interpretation
       35. Power to require production of books
       36. Power to obtain information
       37. Certain forms to be submitted for approval
       38. Premium rates
       39. Commissions or rebates in respect of policies
       40. Repeal of sections 80, 81 and 82
       41. Minors
       42. Unclaimed moneys
       43. Interpretation
TABLE OF PROVISIONS—continued
Section
       44. Lost policies
       45. Review of certain decisions
       46. Service of notices
       47. Amendment of Second Schedule
       48. Amendment of Third Schedule

Insurance Legislation Amendment Act 1989

No. 16 of 1989

An Act to amend the law relating to insurance

[Assented to 20 April 1989]

BE IT ENACTED by