An Act to provide legislation in the area of Life, Fire and Marine Insurance. The Act seeks to establish rights and responsibilities of the Insurer and Insured parties and provides for power of the courts to arbitrate disputes around insurance contracts. The Insurer has rights to challenge evidence when that it believes claims to be false, and Insured parties have obligations to disclose and make representations that are true and correct for a valid insurance contract to take effect. Legislation, Standards and Codes may be linked to one or more of the University's compliance frameworks either as the driver of the requirements, or as a component of the framework. The relevant frameworks are listed below.Insurance Act 1902 (NSW) - Level 2
Relevant Compliance Frameworks
Summary