75-5
CurrentMeaning of waiting period
Chapter 3Complying health insurance products
Part 3-3Requirements for complying health insurance products
Division 75Waiting period requirements
75-5 Meaning of waiting period
The waiting period that applies to a person for a benefit under an insurance policy is the period:
(a)
starting at the time the person becomes insured under the policy; and
(b)
ending at the time specified in the policy;
during which the person is not entitled to the benefit.
This Act’s bill:Explanatory memorandumSecond reading speech
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