Document ID: chunk:federal_register_of_legislation:C2004A01310:clause:1_34zu
Version: federal_register_of_legislation:C2004A01310
Segment Type: clause
Provision Reference: sch 1 cl 34ZU
Character Range: 41633–42384

34ZU  HIC must be notified of a person ceasing to be covered by the run‑off cover indemnity scheme

 (1) If:
 (a) a person ceases to be a person to whom subsection 34ZB(2) applies; and
 (b) immediately before the cessation, an MDO or medical indemnity insurer was providing medical indemnity cover (within the meaning of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003) to the person;
the MDO or medical indemnity insurer must notify the HIC of the cessation.

Note: Failure to notify is an offence (see section 46).

 (2) The notification must:
 (a) be in writing; and
 (b) set out details of the cessation; and
 (c) be given to the HIC within 28 days after the day on which the person becomes aware of the cessation.