Document ID: chunk:federal_register_of_legislation:C2006A00116:clause:1_8
Version: federal_register_of_legislation:C2006A00116
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 4056–4718

8  Subsection 34ZH(1)
Repeal the subsection, substitute:

 (1) The amount of a run‑off cover indemnity is:
 (a) if it is payable to an MDO—the amount of the payment referred to in paragraph 34ZC(1)(b); or
 (b) if it is payable to a medical indemnity insurer—the amount of the payment referred to in paragraph 34ZC(1)(c), but only to the extent that the payment is or would be made:
 (i) in relation to a claim made in relation to medical indemnity cover that section 26A or 26C of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003 requires the insurer to provide for a person; and
 (ii) in the insurer's ordinary course of business.