Section 985B of the Corporations Act 2001 provides that if an insured pays the correct premium to an intermediary (such as a broker):

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Section 985B of the Corporations Act 2001 provides that if an insured pays the correct premium to an intermediary, the payment is regarded as having been received by the insurer. This means that the insurer is responsible for providing coverage and any claims made by the insured.

Section 985B of the Corporations Act 2001 Provides That If