Revocation of status of participating insurer
206-1 Revocation of status of participating insurer
If a *participating insurer:
has failed to comply with a condition specified in the Private Health Insurance (Incentives) Rules as a condition of participation in the *premiums reduction scheme; or
refuses or fails to comply with:
a direction given by the Minister under section 200‑1; or
the principle of community rating in section 55‑5;
the Minister may, by notice given to the insurer, revoke the insurer’s status as a participating insurer.
Upon the giving of the notice, the insurer ceases to be a *participating insurer.
Decisions to revoke an insurer’s status as a participating insurer are reviewable under Part 6‑9.
This Act’s bill:Explanatory memorandumSecond reading speech
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