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Private Health Insurance Bill 2007

Part 4-1 Introduction

Division 110 Introduction

110-1   What this Chapter is about

Entities are only permitted to carry on health insurance business if they are registered. Once registered, a number of obligations arise.

The principal obligation is to have health benefits funds, operated in accordance with the requirements of Part 4-4, for the purpose of health insurance business. (It may, to some degree, also be used for the purpose of health-related businesses.)

Other obligations include appointment of actuaries, compliance with prudential standards and exclusion of disqualified persons from management.