(1) This Division provides that a run - off cover indemnity may be paid in relation to a liability of a medical practitioner if the liability relates to an eligible run - off claim.
(2) This Division also provides for the regulations and rules to deal with other matters relating to eligible run - off claims.
(3) The following table tells you where to find the provisions dealing with various issues:
Where to find the provisions on various issues | ||
Item | Issue | Provisions |
1 | what is an eligible run - off claim? | section 34ZB |
2 | when is a run - off cover indemnity payable in respect of a liability? | |
3 | how much run - off cover indemnity is payable? | section 34ZH |
4 | what if a payment is received that would have reduced the amount of an insurance payment? | |
5 | what regulations can deal with | section 34ZN |
6 | what is the effect of terminating the run - off cover indemnity scheme? | |
7 | notifying the Chief Executive Medicare if a person ceases to be covered by the run - off cover indemnity scheme | section 34ZU |
8 | section 34ZV | |
9 | reports on the run - off cover indemnity scheme | section 34ZW |
10 | modifications and exclusions by regulations | section 34ZX |
11 | how does a person apply for a run - off cover indemnity? | section 36 |
12 | when will a run - off cover indemnity be paid? | section 37 |
13 | what information has to be provided to the Chief Executive Medicare about run - off cover indemnity matters? | section 38 |
14 | what records must be kept in relation to run - off cover indemnity matters? | section 39 |
15 | how are overpayments of a run - off cover indemnity recovered? |
Note: Division 2A of Part 3 of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003 requires medical indemnity insurers to provide "run - off cover" for medical practitioners in certain circumstances covered by the run - off cover indemnity scheme.