Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If the period of insurance cover provided under a protected policy issued by a general insurer, or in respect of which liability has been accepted by a general insurer, includes the time when the insurer becomes a declared general insurer, sections 62ZZF, 62ZZFA, 62ZZG, 62ZZGA, 62ZZI and 62ZZJ apply as if the period of the cover extended for 28 days after that time, even if:
(a) the policy is cancelled within those 28 days; or
(b) the period of the cover would otherwise have ended before the end of those 28 days.
Note: The effects of applying sections 62ZZF, 62ZZFA, 62ZZG and 62ZZGA as if the period of cover were extended include those sections applying as if:
(a) the entitlement to claim under that cover were correspondingly extended; and
(b) the liability of the insurer were also extended in respect of such claims.
(2) However, if the policyholder cancelled the policy within those 28 days, those sections apply as if the period of the cover extended only until the cancellation of the policy.