350
In forceWhat is general insurance
Chapter 8Insurance duty
Part 2Some basic concepts for insurance duty
350 What is general insurance
(1)
General insurance is any kind of insurance that is applicable to either or both of the following—
(a)
property in Queensland;
(b)
a risk, contingency or event concerning an act or omission that in the normal course of events may happen wholly or partly in Queensland.
(2)
However, the term does not include the following—
(a)
life insurance;
(b)
accident insurance.
This Act’s bill:Explanatory memorandum
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