1 Name of Regulation
This Regulation is the Insurance Regulation 2019.
2 Commencement
This Regulation commences on the day on which it is published on the NSW legislation website.Note—This Regulation repeals and replaces the Insurance Regulation 2014, which would otherwise be repealed on 1 September 2019 by section 10(2) of the Subordinate Legislation Act 1989.
3 Definition
(1) In this Regulation—the Act means the Insurance Act 1902.Note—The Act and the Interpretation Act 1987 contain definitions and other provisions that affect the interpretation and application of this Regulation.(2) Notes included in this Regulation do not form part of this Regulation.
4 Exemption of certain contracts of insurance
For the purposes of section 21(1)(b) of the Act—(a) contracts of marine insurance and contracts of life insurance are exempt from the operation of sections 18, 19 and 20 of the Act, and(b) contracts of insurance that are subject to the Insurance Contracts Act 1984 of the Commonwealth and contracts of reinsurance are exempt from the operation of sections 18, 18A, 18B and 19 of the Act.Note—See section 21(2) of the Act for other exemptions.
5 Repeal and savings
(1) The Insurance Regulation 2014 is repealed.(2) Any act, matter or thing that, immediately before the repeal of the Insurance Regulation 2014, had effect under that Regulation continues to have effect under this Regulation.