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MEDICAL INDEMNITY ACT 2002 - SECT 34ZA

Guide to the run - off cover indemnity provisions

  (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?

sections   34ZC to 34ZG

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?

sections   34ZI to 34ZM

5

what regulations can deal with

section   34ZN

6

what is the effect of terminating the run - off cover indemnity scheme?

sections   34ZP to 34ZT

7

notifying the Chief Executive Medicare if a person ceases to be covered by the run - off cover indemnity scheme

section   34ZU

8

invoices for medical indemnity cover

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?

sections   41 and 42

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.



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