S 163-15 repealed by No 87 of 2015, s 3 and Sch 1 item 71, effective 1 July 2015.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 163-15 formerly read:
SECTION 163-15 DIRECTIONS TO COMPLY WITH STANDARDS
163-15(1)
If the Council is satisfied that a private health insurer:
(a)
has breached a *prudential standard; or
(b)
is likely to breach a prudential standard in a way that is likely to give rise to a prudential risk;
the Council may (in writing) direct the insurer to comply with all or a part of the standard, or to take specified action, within a specified time.
Note:
Decisions to give directions are reviewable under Part 6-9.
163-15(2)
The insurer must comply with the direction despite anything in its constitution or in any contract or arrangement to which it is a party.
163-15(3)
The Council may revoke a direction that the Council considers is no longer necessary or appropriate by giving written notice to the insurer.
Note:
Refusals to revoke directions are reviewable under Part 6-9.