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Div 149 repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015. For transitional provisions, see note under s 3-15 .

Subdiv 149-A repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015. For transitional provisions, see note under s 3-15 .

S 149-10 repealed by No 87 of 2015, s 3 and Sch 1 item 65, effective 1 July 2015. For transitional provisions, see note under s 3-15 . S 149-10 formerly read:

SECTION 149-10 DECIDING THE APPLICATION  
149-10(1)
The Council must approve the termination if it is satisfied that:
(a) the insurer is not in the process of being wound up; and
(b) each of its *health benefits funds meets the *solvency standard; and
(c) in relation to each of the funds, termination of the fund will not result in unfairness to the *policy holders of the fund, when those policy holders are viewed as a group;

and is satisfied as to such other matters as are specified in the Private Health Insurance (Health Benefits Fund Policy) Rules.

149-10(2)
If the Council grants the application, the Council:

(a) may appoint a person other than the applicant as the *terminating manager of the funds; and

(b) must notify the insurer in writing:

(i) that it approves the termination; and

(ii) if paragraph (a) applies - of the appointment of the terminating manager.

149-10(3)
If the Council refuses the application, the Council must notify the insurer in writing of the refusal.

Note:

Refusals to approve terminations are reviewable under Part 6-9.