601AG
In forceClaims against insurers of deregistered company
Volume 3Chapter 5A, Part 5A.1 to Chapter 6D, Part 6D.5 sections 601 to 742
Chapter 5ADeregistration, and transfer of registration, of companies
Part 5A.1Deregistration
601AG Claims against insurers of deregistered company
A person may recover from the insurer of a company that is deregistered an amount that was payable to the company under the insurance contract if:
(a)
the company had a liability to the person; and
(b)
the insurance contract covered that liability immediately before deregistration.
This Act’s bill:Explanatory memorandumSecond reading speech
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