Insurance Contracts - The Act Revisited

The Insurance Contracts Act 1984 (Cth) (the Act) arose out of a report by the Australian Law Reform Commission in 1982. The purpose of the Act was to reform certain aspects of the general law relating to insurance contracts. The Act, subject to s9, applies generally to all insurance contracts incepting on or after 1 January 1986.

This presentation is a broad overview of the Act followed by a more focused look at those sections of the Act to which more recent developments relate. Finally this paper will briefly examine the never ending saga of the Act’s possible review and amendment.

Presented by:
Robert Carey Solicitor on Thursday 16 June 2011.

Robert has extensive experience acting for reinsurers, insurers and large corporates in:

Reinsurance
Alternative risk transfer
General insurance
Directors & Officers
Professional indemnity
Financial risks
Employer liabilities
Dust diseases
Public liability
Insurance industry regulation

He is admitted to the Supreme Court of NSW, Supreme Court of England and Wales, and High Court of Australia.

In 2005 Robert completed a Masters degree at the London School of Economics where he was awarded the One Essex Court Prize for the best performance in Finance Law. His dissertation investigated the implications of finite risk transfer products for insurance law and financial regulation.

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