Document ID: chunk:federal_register_of_legislation:C2018A00101:clause:5_33
Version: federal_register_of_legislation:C2018A00101
Segment Type: clause
Provision Reference: sch 5 cl 33
Character Range: 29833–30730

33  Section 55‑10
Repeal the section, substitute:

55‑10  Closed products, and terminated products and product subgroups
  The principle of community rating in section 55‑5 does not:
 (a) prevent a private health insurer from closing a *complying health insurance product, such that the *product will not be available to anyone except those persons, who at the time of closing, are insured under a policy forming part of the product; or
 (b) prevent a private health insurer from terminating a complying health insurance product or a *product subgroup of a complying health insurance product, such that:
 (i) in the case of a product—the product will not be available to any person insured under a policy forming part of the product; and
 (ii) in the case of a product subgroup—the product subgroup will not be available to any person insured under a policy that belongs to the product subgroup.