103BA   Time limits for policies issued between 1.5.1997 and 30.6.2002

(1)  A contract of home warranty insurance entered into on or after 1 May 1997 and before 1 July 2002 provides insurance cover in respect of loss only if a claim in respect of the loss is made to the insurer during the period of insurance.

(2)  A loss that becomes apparent in the last 6 months of the period of insurance has an extended claim period, which permits a claim in respect of the loss to be made within 6 months after the loss becomes apparent. There is no extended claim period for a loss that arises from non-completion of work.

(3)  For the purposes of this section and section 103BB, a loss becomes apparent when a beneficiary under the contract of insurance first becomes aware (or ought reasonably to have become aware) of the loss.

(4)  In this section and sections 103BB and 103BC:

loss means loss indemnified by a contract of home warranty insurance.

period of insurance means the period for which a contract of home warranty insurance provides cover.