Queensland Consolidated Acts
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MOTOR ACCIDENT INSURANCE ACT 1994 - SECT 114
Termination of s 97(5) inducement
114 Termination of s 97(5) inducement
(1) This section applies if—
(a) before 1 October 2010, a licensed insurer,
or other person acting for a licensed insurer, offered to give to a person an
inducement to enter into or renew an insurance policy; and
(b) the offer
would be prohibited under section 97(5) if made on or after 1 October 2010;
(c) the inducement would, apart from this section, under the provisions
of the arrangement relating to the offer, be given on or after 1 October 2010
to the person to whom the offer was made.
(2) The arrangement relating to the
offer, to the extent it provides for the inducement, is terminated and is void
(3) The licensed insurer, or other person acting for the
licensed insurer, is taken not to be in breach of the arrangement for failing
to give the inducement to the person to whom the offer was made.
(4) In this
"arrangement" includes contract and agreement.
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