Existing approved insurers cease to be able to provide home warranty insurance on and from new scheme day
90 Existing approved insurers cease to be able to provide home warranty insurance on and from new scheme day
On and from the new scheme day, any existing approved insurer ceases by force of this clause to be authorised to issue new home warranty insurance.
Subclause (1) extends to the issue of home warranty insurance in connection with any application for such insurance made (but for which a policy of insurance has not yet been issued) before the new scheme day.
No compensation is payable by or on behalf of the Crown to any existing approved insurer for any loss or damage arising directly or indirectly from the operation of this clause (or amendments made to this Act by the amending Act).
Accordingly, no proceedings for damages or other relief (whether grounded on the provisions of any contract or otherwise arising at law or in equity) for the purpose of obtaining compensation in respect of any such loss or damage may be instituted or maintained.
In this clause—
compensation includes damages or any other form of compensation (whether or not monetary).
the Crown means the Crown within the meaning of the Crown Proceedings Act 1988 and includes—
the Director-General, and
any member of staff of a government Department.
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