What is Section 40(3) ICA Notification | Insurance glossary by upcover

Section 40(3) of the Insurance Contracts Act 1984 (Cth) lets policyholders notify insurers about circumstances that might lead to a claim—even before any formal demand arises. Once notified, the insurer must treat future related claims as covered, even if they happen after the policy expires. For example, if a tradie discovers a wiring defect that could later cause damage, giving notice secures future protection.

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Related Term

Legal Expenses Insurance (Strata)

Outsourced Service Liability

Business Partnership Liability

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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