(1) A person provides medical indemnity cover for a health care professional if, under an arrangement, the person must or may indemnify the health care professional in relation to claims that may be made against the health care professional in relation to health care incidents.
(2) The arrangement:
(a) may be one under which the indemnity is provided at the person's discretion; and
(b) may be, but need not be, an arrangement between the person and the health care professional; and
(c) may be:
(i) one under which the health care professional is indemnified directly; or
(ii) one under which the health care professional is indemnified indirectly through an entity or entities interposed between the person and the health care professional.