Regulations may impose other requirements etc. if financial services licensee is not the insurer
(1) The regulations may impose requirements to be complied with by a financial services licensee in relation to, or make other provision dealing with, a situation specified in subsection (2) that arises in relation to a contract or proposed contract of insurance under which the licensee is not the insurer. (2) The situations are as follows: (a) the licensee receives an amount as a premium or instalment of premium; (b) the licensee does not receive an amount as a premium or instalment of premium by a particular time; (c) the licensee is not aware of the amount of a premium or instalment of premium that is to be paid; (d) the licensee receives money from the insured or intending insured but the risk or part of the risk has not been accepted by a particular time; (e) the licensee receives money from the insurer for payment to or on behalf of the insured.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.
Try BriefBridge free