CTHRepealedLegislation
Health Insurance (prudential standard) determination No. 3 of 2015 - HPS 110 - Capital Adequacy
Operational risk amountOperational risk amount
Start here
Get a plain-English read of Operational risk amount
Turn the raw legal text into a practical explanation grounded in Health Insurance (prudential standard) determination No. 3 of 2015 - HPS 110 - Capital Adequacy.
Operational risk amount
26. Operational risk amount of a health benefits fund means the amount calculated in accordance with the sum of:
(a) 0.5% of its health business revenue estimate, on the relevant day; and
(b) $1,000,000 × 1.025 ^ (the calendar year of the relevant day minus 2014).