Insurance Contracts Act (1984)

The Insurance Contracts Act 1984 is an Australian law that regulates the relationship between insurers and policyholders. It aims to ensure fairness in insurance agreements by setting out the rights and obligations of both parties. Key provisions include requirements for insurers to provide clear information about policies, obligations to act in good faith, and rules governing claims handling. The Act also addresses issues like disclosure, allowing insured individuals to understand what they must reveal when applying for insurance. Overall, it protects consumers and fosters transparency in the insurance industry.