Document ID: chunk:federal_register_of_legislation:F2019L00398:schedule:1:p6
Version: federal_register_of_legislation:F2019L00398
Segment Type: schedule
Provision Reference: sch 1 (pt 6/18)
Character Range: 15553–18464

(B)        any Regulations; and
(C)        the Rules; and
(c)          a report from the insurer's appointed actuary (the actuary's report) which provides the opinion of the actuary:
              (i)            that the aspects of the Business Plan which provide the information required in paragraph (1)(a) are well‑founded; and
              (ii)         that the assets and liabilities that would be transferred to the receiving fund or funds represent a reasonable estimate of what would be, immediately before the restructure, the net asset position of the transferring funds; and
              (iii)       about how the restructure will affect the ability of the insurer to comply with:
(A)        the solvency standard; and
(B)        any solvency direction to which the insurer is subject; and
(C)        the capital adequacy standard; and
(D)        any capital adequacy direction to which the insurer is subject,
in relation to each of the restructuring funds of the insurer at each of the following times:
(E)         the restructure date; and
(F)         any time over the first 36 months after the restructure date; and
(G)        any time within the foreseeable future of operation of the funds beyond 36 months after the restructure date; and
(iv)        about what effects the restructure is likely to have on the premiums for and benefits under:
(A)        each policy group of policies which are referable to the transferring fund immediately before the restructure; and
(B)        each policy group of policies which are not referable to a receiving fund immediately before the restructure; and
  at each of the following times:

(C)        the restructure date; and
(D)        any time over the first 36 months after the restructure date; and
(E)         any time within the foreseeable future of operation of the funds beyond 36 months after the restructure date; and
(d)          a copy of the statement, if any, issued by the insurer in accordance with subsection 93‑20(2) of the PHI Act about any proposed change of the rules of the insurer associated with the proposed restructure; and
(e)          a copy of any statement issued in accordance with subsection 93‑20(4) of the PHI Act about the aspect of the proposed restructure which involves the proposed change in funds to which policies are referable; and
(f)           a summary of any submissions in writing (including email or other electronic form) to the insurer from a policy holder of a fund conducted by the insurer in relation to any aspect of the restructure proposal regardless of whether the submission was made in response to a statement issued under subsection 93‑20(2) or subsection 93‑20(4) of the PHI Act or otherwise.
       (2)          Prior to the restructure date, the insurer must, except to the extent provided for in the Act, procure any amendment of its constitution and any of its rules required for the