Private Health Insurance Act 2007

CHAPTER 3 - COMPLYING HEALTH INSURANCE PRODUCTS  

PART 3-2 - COMMUNITY RATING  

Division 55 - Principle of community rating  

SECTION 55-10  

55-10   CLOSED PRODUCTS, AND TERMINATED PRODUCTS AND PRODUCT SUBGROUPS  
The principle of community rating in section 55-5 does not:

(a)    prevent a private health insurer from closing a ^[*]

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

complying health insurance product, such that the ^[*]

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

product will not be available to anyone except those persons, who at the time of closing, are insured under a policy forming part of the product; or

(b)    prevent a private health insurer from terminating a complying health insurance product or a ^[*]

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

product subgroup of a complying health insurance product, such that:

(i) in the case of a product - the product will not be available to any person insured under a policy forming part of the product; and

(ii) in the case of a product subgroup - the product subgroup will not be available to any person insured under a policy that belongs to the product subgroup.