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

Pt 4-5 heading substituted by No 87 of 2015, s 3 and Sch 1 item 66, effective 1 July 2015. For transitional provisions, see note under s 3-15 . The heading formerly read:

PART 4-5 - OTHER OBLIGATIONS OF PRIVATE HEALTH INSURERS

Div 160 repealed by No 87 of 2015, s 3 and Sch 1 item 71, effective 1 July 2015. For transitional provisions, see note under s 3-15 .

S 160-1 repealed by No 87 of 2015, s 3 and Sch 1 item 71, effective 1 July 2015. For transitional provisions, see note under s 3-15 . S 160-1 formerly read:

SECTION 160-1 APPOINTMENT  
160-1(1)
Subject to subsection (2), a private health insurer must have an actuary appointed by the insurer.

160-1(2)
Within 6 weeks after a person ceases to be the *appointed actuary of a private health insurer, the insurer must appoint another person to be the insurer ' s actuary.

160-1(3)
A person must not hold an appointment as actuary of a private health insurer unless the person is eligible for such an appointment.

160-1(4)
A private health insurer may, in writing, ask the Council to approve the appointment of a specified person as the insurer ' s actuary.

160-1(5)
The Council may, in writing, approve the appointment of a person as actuary of a private health insurer if the Council is satisfied that the person has actuarial qualifications and experience that fit him or her to perform the functions of the insurer ' s *appointed actuary.

Note:

Refusals to give approval are reviewable under Part 6-9.

160-1(6)
An appointment of a person as actuary of a private health insurer cannot take effect while there is in force an appointment of another person as the insurer ' s actuary.