Application and commencement

1. This Prudential Standard applies to all private health insurers except where expressly noted otherwise.
2. A private health insurer must apply this Prudential Standard separately to each of its health benefits funds and its general fund, in addition to the private health insurer as a whole, unless otherwise noted. The term ‘private health insurer’ refers to the private health insurer as a whole. The term ‘fund’ refers to each health benefits fund and the general fund, unless otherwise noted.
3. This Prudential Standard applies to private health insurers from 1 January 2025.