Insurance Contracts Act 1984 (Australia)

The Insurance Contracts Act 1984 is Australian legislation that governs the relationship between insurers and policyholders. It aims to ensure transparency, fairness, and clarity in insurance agreements. The Act sets out rules for how policies are written, how claims are handled, and what rights and responsibilities each party has. It prevents insurers from using unfair practices and provides consumers with protections in case of disputes. Overall, it helps create a balanced, fair framework to ensure both insurers and policyholders understand their rights and obligations under insurance contracts.