Document ID: chunk:federal_register_of_legislation:C2004A01310:clause:1_34zh
Version: federal_register_of_legislation:C2004A01310
Segment Type: clause
Provision Reference: sch 1 cl 34ZH
Character Range: 24461–24916

34ZH  Amount of run‑off cover indemnities

 (1) The amount of a run‑off cover indemnity is the amount of the payment referred to in paragraph 34ZC(b) or (c) (as the case requires).

 (2) However, if a high cost claim indemnity is payable in respect of that payment, the amount of the run‑off cover indemnity is reduced by the amount of the high cost claim indemnity.

Subdivision C—Payments that would have reduced the amount of run‑off cover indemnity