Document ID: chunk:federal_register_of_legislation:C2004A01310:clause:1_34zv
Version: federal_register_of_legislation:C2004A01310
Segment Type: clause
Provision Reference: sch 1 cl 34ZV
Character Range: 42384–43230

34ZV  Invoices for medical indemnity cover

  If:
 (a) a medical indemnity insurer gives to a person an invoice stating the premium that is or will be payable for medical indemnity cover provided by a contract of insurance with the medical indemnity insurer; and
 (b) payment of the premium would increase the medical indemnity insurer's liability to pay run‑off cover support payment;
the medical indemnity insurer must ensure that the invoice states:
 (c) the total premium payable for the medical indemnity cover; and
 (d) the proportion of that premium that represents the amount of run‑off cover support payment that would be payable by the medical indemnity insurer in relation to that premium; and
 (e) the amount of the premium constituted by that proportion.

Note: Failure to comply with this section is an offence (see section 47A).