Private Health Insurance Act 2007

CHAPTER 3 - COMPLYING HEALTH INSURANCE PRODUCTS  

PART 3-3 - REQUIREMENTS FOR COMPLYING HEALTH INSURANCE PRODUCTS  

Division 66 - Community rating requirements  

SECTION 66-10   MINISTER ' S APPROVAL OF PREMIUMS  

66-10(1)    
A private health insurer that proposes to change the premiums charged under a ^[*]

To find definitions of asterisked terms, see the Dictionary in Schedule 1 .

complying health insurance product must apply to the Minister for approval of the change:

(a)    in the ^[*]

To find definitions of asterisked terms, see the Dictionary in Schedule 1 .

approved form; and

(b)    at least 60 days before the day on which the insurer proposes the change to take effect.

66-10(2)    
The application may propose different changes for policies in the ^[*]

To find definitions of asterisked terms, see the Dictionary in Schedule 1 .

product, but the proposed changed amount must be the same for each policy in the product that belongs to the same ^[*]

To find definitions of asterisked terms, see the Dictionary in Schedule 1 .

product subgroup.

66-10(3)    
The Minister must, by written instrument, approve the proposed changed amount or amounts, unless the Minister is satisfied that a change that would increase the amount or amounts would be contrary to the public interest.

66-10(4)    
If the Minister approves the proposed changed amount or amounts, the approval has effect:

(a)    from the day specified in the approval as the day the change takes effect; and

(b)    until replaced by another approval for the ^[*]

To find definitions of asterisked terms, see the Dictionary in Schedule 1 .

product under this section.

66-10(6)    
If the Minister refuses to approve the proposed changed amount or amounts, the Minister must table the Minister ' s reasons for refusal in each House of the Parliament no later than 15 sitting days of that House after the refusal.

66-10(7)    
An instrument made under subsection (3) is not a legislative instrument.