7When certain death, disability and retirement arrangements are taken to be entered into

#### 7 When certain death, disability and retirement arrangements are taken to be entered into (1) For the purposes of this Act, if: (a) under an arrangement, a person (the cover provider) will or may provide medical indemnity cover of a particular kind for a health care professional; and (b) the cover provider will or may provide that cover only if: (i) a particular period has expired; and (ii) the health care professional dies, becomes permanently disabled or retires; and (c) the arrangement is not a contract of insurance; the cover provider is taken to enter into the arrangement, to the extent to which it relates to that cover, at the earliest time at which: (d) there are no conditions that need to be satisfied for the cover to be provided for the health care professional; or (e) the only conditions that need to be satisfied for the cover to be provided for the health care professional are conditions that relate to: (i) payments being made to the cover provider for the cover; or (ii) the making of a claim against the cover provider under the arrangement. (2) Without limiting subparagraph (1)(b)(i), the period referred to in that subparagraph may be specified as a minimum period during which the health care professional is a member of a particular body.