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

76   Subsection 62ZZM(2)

Repeal the subsection, substitute:

(2) However, the regulations may prescribe a purpose for which a person is taken not to have been paid an amount, under the terms and conditions of a policy, by:

(a) a general insurer; or

(b) a class of general insurers; or

(c) all general insurers.