Document ID: chunk:federal_register_of_legislation:C2018A00101:clause:5_35
Version: federal_register_of_legislation:C2018A00101
Segment Type: clause
Provision Reference: sch 5 cl 35
Character Range: 30799–31696

35  After subsection 78‑1(5)
Insert:
 (5A) An insurance policy meets the requirement in this subsection if:
 (a) the policy forms part of a *complying health insurance product or belongs to a *product subgroup of a complying health insurance product; and
 (b) the *product or product subgroup is being terminated by the private health insurer, and as a consequence, an *adult insured under the policy is to be transferred to a new policy; and
 (c) the insurer informs the adult insured under the policy, in writing, of the matters set out in the Private Health Insurance (Complying Product) Rules; and
 (d) the adult insured under the policy is informed of those matters a reasonable time before the transfer to the new policy is to take effect.
Note: See also section 55‑10.

[Minister's second reading speech made in—
House of Representatives on 28 March 2018
Senate on 18 June 2018]

(60/18)