Document ID: chunk:federal_register_of_legislation:F2024C01011:reg:6:p2
Version: federal_register_of_legislation:F2024C01011
Segment Type: reg
Provision Reference: reg 6 (pt 2/2)
Character Range: 11617–13050

contract of insurance providing professional indemnity cover for the practitioner for all or part of the year.
private practice income has the meaning given by section 35.
procedural general practitioner has the meaning given by section 31.
retroactive cover for a medical practitioner for whom a contract of insurance provides medical indemnity cover means claims‑made cover for the practitioner for claims that may be made relating to incidents occurring before the contract provided medical indemnity cover for the practitioner.
run‑off cover for a medical practitioner for whom a contract of insurance (except one made to comply with section 26A of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003) provides medical indemnity cover means that cover indemnifying the practitioner against claims that:
 (a) may be made against the practitioner for compensation after the insurer ceases to provide claims‑made cover for the practitioner; and
 (b) relate to incidents occurring before the taking effect of the first contract for cover indemnifying the practitioner against claims described in paragraph (a).
subsidised excess has the meaning given by section 33.
subsidy means a payment under Part 6 to a medical indemnity insurer on behalf of a medical practitioner.
substantial insurance costs has the meaning given by section 33.

Part 2—Claim handling fees for claims for which IBNR indemnity payable