Mann's annotated insurance contracts act / Peter Mann and Stanley Drummond.

Pyrmont, N.S.W. : Lawbook Co., 2022.

8th edition

200623

Australia. -- Insurance Contracts Act 1984.

Insurance law -- Australia.

Insurance policies -- Australia.

Insurance Contracts Act

Part I: Preliminary

Part IA: Administration

Part II: The duty of the utmost good faith

Part III: Insurable interests

Part IV: Disclosures and misrepresentations

Part V: The contract

Part VI: Claims

Part VII: Expiration, renewal and cancellation

Part VIII: Subrogation

Part IX: Information, notices and reasons

Part IXA: Enforcement

Part X: Miscellaneous

Insurance Contracts Regulations

Part 1: Preliminary

Part 2: Disclosures and misrepresentations

Part 3: The contract

Part 4: Claims

Part 4A: Miscellaneous

Part 5: Transitional matters

Schedule 1: Writing to inform of duty of disclosure

Schedule 2: Writing to inform persons to be insured by others (other than under a consumer insurance contract)

Schedule 3: Writing to remind of duty of disclosure

Schedule 4: Words to inform of duty of disclosure for eligible contracts of insurance [Repealed]

Schedule 5: Key facts sheets

Corporations Act

Section 912A

Codes Of Practice

General Insurance Code of Practice 2020

Life Insurance Code of Practice 2023

Insurance Brokers Code of Practice 2022.

Mann’s Annotated Insurance Contracts Act, 8th edition provides the full text of the Insurance Contracts Act 1984 accompanied by clear and concise annotations, explaining the operation of the Act. Accompanying the annotated Insurance Contracts Act, the work also contains related legislation and materials. Given the numerous changes to the Insurance Contracts Act in recent years, this edition includes historical forms of a number of key sections, including section 21 “The insured’s duty of disclosure” and sections 28 and 29 which specify an insurer’s remedies for failure to take reasonable care not to make a misrepresentation, or non-disclosure or misrepresentation (as applicable). For the first time this edition also contains commentary on the obligation of an Australian financial services licensee to do all things necessary to ensure that the financial services covered by the licence are provided “efficiently, honestly and fairly”, under section 912A(1)(a) of the Corporations Act 2001 (Cth). This obligation is relevant to Australian insurers, as they are generally required to hold an Australian financial services licence. Prior to 13 March 2019 there was no penalty for a contravention. Since that date a contravention has carried a maximum penalty, subject to turnover, of 2.5 million penalty units. We have included this commentary because of the very large overlap between an insurer’s duty of utmost good faith and its obligation to provide the financial services efficiently, honestly and fairly. Prima facie, a failure by an insurer to act with the utmost good faith is also a failure to provide the financial services efficiently, honestly and fairly, which may attract a substantial penalty. - Publisher's website.

ERRATA: Table of cases is incorrect as a result of a publication error. Correct table included as a booklet at the back of the book.

Includes bibliographical references and index.

9780455501284

xxx, 1027 pages ; 25 cm