Document ID: chunk:federal_register_of_legislation:C2023C00421:section:24:p2
Version: federal_register_of_legislation:C2023C00421
Segment Type: section
Provision Reference: s 24 (pt 2/2)
Character Range: 55014–56194

for the purposes of this paragraph; and
 (h) the offer includes a clear, concise and effective explanation of:
 (i) the significant characteristics and features of the cover being offered; and
 (ii) the significant rights, terms and conditions and obligations attaching to the cover being offered; and
 (iii) the risks involved for the health care professional in not accepting the offer; and
 (iv) the options that will be available to the health care professional if the health care professional does not accept the offer; and
 (v) any other matters prescribed by the regulations.

Premiums for run‑off cover
 (3) Regulations made for the purposes of paragraph (2)(fa) may specify different amounts, or different ways of working out amounts, in relation to different classes of practitioners or different classes of insurance contracts.
 (4) An amount specified in regulations made for the purposes of paragraph (2)(fa) may be a nil amount.

Definitions
 (5) In this section:
current regulated contract means the regulated insurance contract referred to in paragraph 23(1)(a).
proposed regulated contract means the regulated insurance contract referred to in paragraph 22(1)(a).