Search Results | Showing 1 - 10 of 13 results for "Insurance Contracts Act" |
| | ... income protection policy. The case marks ASIC's first attempt to impose a civil penalty under s13 of the Insurance Contracts Act 1984 (Cth), a section that mandates insurers uphold the duty to act with utmost good faith. In 2018, OnePath, previously ... |
| | | ... Federal Court after it was found guilty of several breaches of the ASIC Act, the Corporations Act, and the Insurance Contracts Act between November 2015 and October 2018. |
| | | ... Federal Court after it was found guilty of several breaches of the ASIC Act, the Corporations Act, and the Insurance Contracts Act between November 2015 and October 2018. At the time, MLC provided income protection cover through policies that contained ... |
| | | ... used to check potential inconsistencies in claim information. Since March 2019, section 13(2)(A) of the Insurance Contracts Act 1984 imposes a civil penalty on an insurer that fails to act towards an insured with utmost good faith. The penalty did not ... |
| | | ... Investors can also withdraw their funds at any time. Further, they are treated as non-estate assets (under the Insurance Contracts Act 1984 ) and can be cordoned off from future claims made by creditors (under the Bankruptcy Act 1996 ). Salsbury said ... |
| | | ... history". The court yesterday found TAL guilty of breaching its duty to act with utmost good faith under the Insurance Contracts Act. (Interestingly, TAL's lawyers had alleged the customer breached her duty of good faith under the Act by failing ... |
| | | One year on from a Royal Commission lambasting, ASIC is continuing to increase its efforts to chasten large institutions for misconduct, latest enforcement activity numbers show. In its latest six monthly report into its enforcement and regulatory work ... |
| | | ... renewals, identification of services and consent to fees will be necessary if the legislation becomes law. The Insurance Contracts Act would also be amended so that an insurer may only avoid a contract of life insurance on the basis of non-disclosure ... |
| | | ... concerns, and accused her of breaching her duty of disclosure and duty of utmost good faith under the Insurance Contracts Act. ASIC is seeking civil penalties for TAL's alleged breach of section 12DB of the ASIC Act - which attracts a maximum penalty ... |
| | | ... claim's voidance "asserted" the customer had breached her duty of good faith under section 13 of the Insurance Contracts Act. ASIC said it believes TAL's investigation of the customer's medical history was based on false statements the insurer ... |
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