Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Act 2010 (82 of 2010)

Schedule 2   Amendment of the Insurance Act 1973

Part 1   Amendments

64   Paragraph 62ZZF(1)(a)

Repeal the paragraph, substitute:

(a) the person is entitled to claim under insurance cover provided under a protected policy:

(i) that a general insurer issued before becoming a declared general insurer; or

(ii) in respect of which liability was accepted by a general insurer before becoming a declared general insurer;

whether the entitlement to claim arises because the cover is provided to the person under the policy or because the person is otherwise entitled to claim under the cover; and