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Australian insurance law information


Australian insurance law is based on commercial contract law, but is subject to regulations that affect the insurance industry and insurance contracts within Australia. Commonwealth Parliament has power to make laws with respect to insurance and insurance companies under section 51(xiv) (insurance other than state insurance) and (xx) (the corporations power) of the Australian Constitution. Generally, the Insurance Act 1973 and Insurance Contracts Act 1984 are the main acts that apply, however there are a number of other pieces of legislation enacted by the states, private codes and voluminous case law all of which forms the body of insurance law.

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Australian insurance law

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Australian insurance law is based on commercial contract law, but is subject to regulations that affect the insurance industry and insurance contracts...

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Insurance law

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Insurance law is the practice of law surrounding insurance, including insurance policies and claims. It can be broadly broken into three categories -...

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Insurance in Australia

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Australia's insurance market can be divided into roughly three components: life insurance, general insurance and health insurance. These markets are fairly...

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Insurance regulatory law

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Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and...

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Lenders mortgage insurance

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Lenders mortgage insurance (LMI), also known as private mortgage insurance (PMI) in the US, is a type of insurance payable to a lender or to a trustee...

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Insurance

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and insurance Earthquake loss Financial adviser Global assets under management Insurance broker Insurance fraud Insurance Hall of Fame Insurance law International...

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Vehicle insurance

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Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles...

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Total permanent disability insurance

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Total Permanent Disability (TPD) is a phrase used in the insurance industry and in law. Generally speaking, it means that because of a sickness or injury...

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Australian legal system

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Indigenous Australian customary law during colonisation. Australia is a common-law jurisdiction, its court system having originated in the common law system...

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Insurance broker

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In Australia, all insurance brokers are required under the Financial Services Reform Act 2001 to be licensed by the federal government's Australian Securities...

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Tort law in Australia

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UK and other common law countries. Developments in Australian Tort law are most powerfully driven by the High Court of Australia. In doing so, the High...

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Health insurance

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Health insurance or medical insurance (also known as medical aid in South Africa) is a type of insurance that covers the whole or a part of the risk of...

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Australian Securities and Investments Commission

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The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate...

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Deposit insurance

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Deposit insurance or deposit protection is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused...

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Insurance fraud

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Insurance fraud is any act committed to defraud an insurance process. It occurs when a claimant attempts to obtain some benefit or advantage they are not...

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Mortgage insurance

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Mortgage insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors in mortgage-backed...

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HIH Insurance

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HIH Insurance was Australia's second-largest insurance company before it was placed into provisional liquidation on 15 March 2001. The demise of HIH is...

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Home insurance

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Home insurance, also commonly called homeowner's insurance (often abbreviated in the US real estate industry as HOI), is a type of property insurance that...

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Life insurance

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Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer...

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Marine insurance

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precedent further developed marine insurance law. In 1906 the Marine Insurance Act codified the previous common law; it is both an extremely thorough and...

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Australian labour law

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Australian labour law sets the rights of working people, the role of trade unions, and democracy at work, and the duties of employers, across the Commonwealth...

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Liability insurance

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Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured")...

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Australian Prudential Regulation Authority

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The Australian Prudential Regulation Authority (APRA) is a statutory authority of the Australian Government and the prudential regulator of the Australian...

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Consumer protection

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more efficient, given the complexities of tax law. In Australia, the corresponding agency is the Australian Competition and Consumer Commission or the individual...

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GIO Insurance

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GIO, is an Australian general insurance provider. It offers insurance products, such as car, home and contents, CTP, boat, caravan, travel, business, public...

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Australian constitutional law

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cases regarding Australian constitutional law are often handled by the High Court of Australia, the highest court in the Australian judicial system....

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National health insurance

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social health insurance system, with origins dating back to Otto von Bismarck's Sickness Insurance Law of 1883. In Britain, the National Insurance Act 1911...

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