Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to subsection (2), any term or condition of a life policy is void if it limits, to an amount less than the total of the sum insured and bonuses, the amount payable under the policy if the life insured by the policy dies on war service.
(2) Subsection (1) does not apply if there is written on
the policy document an acknowledgment signed by the person to whom the policy
was issued that the policy is subject to the term or condition.