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Div 160 repealed by No 87 of 2015, s 3 and Sch 1 item 71, effective 1 July 2015.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S 160-25 repealed by No 87 of 2015, s 3 and Sch 1 item 71, effective 1 July 2015.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 160-25 formerly read:

SECTION 160-25 POWERS OF APPOINTED ACTUARY  
160-25(1)
The *appointed actuary of a private health insurer is entitled to have access to any information or document in the possession, or under the control, of the insurer if the access is reasonably necessary for the proper performance of the actuary ' s functions and duties.

160-25(2)
The *appointed actuary of a private health insurer may require any *officer or employee of the insurer to answer questions or produce documents for the purpose of enabling the actuary to have the access to information and documents provided for by subsection (1).

160-25(3)
A private health insurer commits an offence if the insurer refuses or fails to allow access to information or a document under subsection (1).

Penalty: 30 penalty units.

160-25(4)
An *officer or employee of a private health insurer commits an offence if he or she refuses or fails to comply with a requirement under subsection (2).

160-25(5)
The *appointed actuary of a private health insurer is entitled to attend a meeting of the *directors of the insurer and to speak on any matter being considered at the meeting:
(a) that relates to, or may affect:

(i) the solvency of a *health benefits fund conducted by the insurer; or

(ii) the adequacy of the capital of a health benefits fund conducted by the insurer; or

(b) that relates to advice given by the actuary to the directors; or
(c) that concerns a matter in relation to which the actuary will be required to give advice.

160-25(6)
The *appointed actuary of a private health insurer is entitled to attend:
(a) any annual general meeting of members of the insurer; and
(b) any other meeting of members of the insurer at which:

(i) the insurer ' s annual accounts or financial statements are to be considered; or

(ii) any matter in connection with which the actuary is or has been subject to a duty under this Act is to be considered.