Preparing for Contracts of Insurance Acts and Unfair Terms in Insurance Contracts – Recent Lessons from Australia
/The test for unfairness, which will apply in New Zealand once the Contracts of Insurance Acts changes are implemented is almost identical to the test that has applied to insurance contracts in Australia since 2021. As a result, cases decided in Australia will provide important guidance for New Zealand insurers as they start to review their policy wordings for potentially problematic terms.
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