REFORMING INSURANCE LAW: - Law Commission

CONTENTS
Paras
1 INTRODUCTION 1.1 – 1.4
2 HISTORY OF THE AUSTRALIAN REFORMS 2.1 – 2.4
3 THE NATURE OF THE DUTY OF UTMOST GOOD FAITH
The Duty of Good Faith in English Law 3.1 – 3.5
The Australian concept of Utmost Good Faith 3.6 – 3.11
Comparisons 3.12 – 3.13
4 NON-DISCLOSURE AND MISREPRESENTATION
The duty of disclosure
Structure of the legislation 4.1 – 4.3
Pre-contract disclosure 4.4 – 4.5
Disclosure of the obligation to disclose 4.16 – 4.17
Special treatment of eligible policies 4.18 – 4.25
Misrepresentation
Materiality and inducement 4.26 – 4.27
Statements of fact 4.28 – 4.29
Statements of opinion/belief 4.30 – 4.33
Misrepresentation by placing brokers 4.34
Brokers
Disclosure by placing brokers 4.35 – 4.38
Misrepresentation by placing brokers 4.39
Remedies
Outline 4.40 – 4.42
The inducement requirement 4.43 – 4.44
Fraud 4.45 – 4.51
Cases other than fraud: damages 4.52 – 4.55
Cancellation 4.56
Life insurance: misrepresentation 4.57 – 4.61
Life insurance: non-disclosure 4.62
A New Zealand excursus 4.63 – 4.67
Co-assureds 4.68 – 4.69
Group insurance and declaration policies 4.70 – 4.71
Temporary cover 4.72 – 4.73
The subscription market 4.74 – 4.75
5 THE CONTINUING DUTY OF UTMOST GOOD FAITH
The implied term 5.1 – 5.3
The meaning of utmost good faith 5.4
The continuing duty of the assured 5.5
The continuing duty of the insurers 5.6 – 5.10
Comment 5.11 – 5.12
3