Private Health Insurance Act 2007

Ch 4 heading substituted by No 87 of 2015, s 3 and Sch 1 item 54, effective 1 July 2015. For transitional provisions, see note under s 3-15 . The heading formerly read:

CHAPTER 4 - PRIVATE HEALTH INSURERS

S 110-1 substituted by No 87 of 2015, s 3 and Sch 1 item 55, effective 1 July 2015. For transitional provisions, see note under s 3-15 . S 110-1 formerly read:

SECTION 110-1 WHAT THIS CHAPTER IS ABOUT  
110-1

Entities are only permitted to carry on health insurance business if they are registered. Once registered, a number of obligations arise.

The principal obligation is to have health benefits funds, operated in accordance with the requirements of Part 4-4, for the purpose of health insurance business. (They may, to some degree, also be used for the purpose of health-related businesses.)

Other obligations include appointment of actuaries, compliance with prudential standards and exclusion of disqualified persons from management.