In this Chapter,
unless the contrary intention appears —
“accident insurance” means insurance
for any payment agreed to be made —
(a) on
the death of any person only from accident or violence or otherwise than from
a natural cause; or
(b) as
compensation for personal injury;
“contract of insurance” has the
meaning given in section 208;
“duty” means duty under this Chapter;
“financial services licensee” has the
meaning given in the Corporations Act section 761A;
“general insurance” has the meaning
given in section 209;
“general insurer” has the meaning
given in section 214;
“insurer” means a person that writes
general insurance otherwise than as an intermediary of an insurer;
“intermediary” , of an insurer,
means —
(a) a
representative of the insurer; or
(b) a
financial services licensee, that is not otherwise a representative of the
insurer, that arranges or effects insurance for or with the insurer;
“interstate duty” means duty
chargeable in another State or a Territory that is of a similar nature to duty
under this Chapter;
“life insurance” means insurance
provided under or in accordance with a policy of insurance or assurance on any
life or lives or on any event or contingency relating to or depending on any
life or lives, other than a policy of accident insurance;
“offshore risk insurance” means any
kind of insurance that is applicable to —
(a)
property outside Australia; or
(b) a
risk, contingency or event concerning an act or omission that, in the normal
course of events, occurs outside Australia;
“premium” has the meaning given in
section 211;
“registered insurer” means a general
insurer that is registered under section 218;
“representative” has the meaning given
in the Corporations Act section 910A.