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

Div 131 heading substituted by No 87 of 2015, s 3 and Sch 1 item 61, effective 1 July 2015. For transitional provisions, see note under s 3-15 . The heading formerly read:

Division 131 - Introduction

S 131-1 substituted by No 87 of 2015, s 3 and Sch 1 item 62, effective 1 July 2015. For transitional provisions, see note under s 3-15 . S 131-1 formerly read:

SECTION 131-1 WHAT THIS PART IS ABOUT  
131-1

Private health insurers must have health benefits funds. These funds must be operated in accordance with the requirements of this Part, in particular the requirements relating to solvency and capital adequacy.

Directors of private health insurers may be personally liable if these requirements are contravened.