Only a private health insurer may carry on health insurance business. A private health insurer is a company that is registered under Division   3 of this Part.

Note:   Part   4 - 2 of the Private Health Insurance Act 2007 defines the concept of health insurance business.

There are 2 kinds of special status that some private health insurers may have. They are:

  (a)   a for profit insurer; and

  (b)   a restricted access insurer.