Document ID: chunk:federal_register_of_legislation:C2004A01310:clause:3_26e
Version: federal_register_of_legislation:C2004A01310
Segment Type: clause
Provision Reference: sch 3 cl 26E
Character Range: 71646–72372

26E  Run‑off cover taken to be provided under contract of insurance

 (1) If the insurer provides medical indemnity cover under section 26A or 26C, there is taken, for all purposes (other than the purposes specified in the regulations), to be a contract of insurance between:
 (a) the insurer; and
 (b) the person to whom the medical indemnity cover is provided;
under which the medical indemnity cover is provided.

 (2) This section applies:
 (a) despite the insurer not receiving any premium or other consideration for providing the medical indemnity cover; and
 (b) whether or not the medical indemnity cover was provided by means of the person to whom it was provided accepting an offer from the insurer to provide it.