Summary
Introduced with the Medical Indemnity (Run-off Cover Support Payment) Bill 2004, the bill amends the:
Medical Indemnity Act 2002
,
Medical Indemnity (Prudential Supervision and Product Standards) Act 2003
,
Health Insurance Act 1973
,
Health Insurance Commission Act 1973
and
National Health Act 1953
to introduce a run-off cover indemnity scheme to cover the cost of medical indemnity claims against eligible practitioners after they have retired or are not participating in the private medical workforce, which will be funded by a levy on medical indemnity insurers (the run-off cover support payment); and the
Medical Indemnity Act 2002
to enable a claims protocol to be determined to cover the payment of expenses arising from incurred but not reported indemnity scheme claims. Also repeals the
Medical Indemnity (Enhanced UMP Indemnity) Contribution Act 2002
and makes minor amendments to the
Medical Indemnity Act 2002
,
Medical Indemnity (Prudential Supervision and Product Standards) Act 2003
and the Medical Indemnity (Prudential Supervision and Product Standards) Regulations 2003.