Commonwealth legislation

Medical Indemnity (Prudential Supervision and Product Standards — Terms and Conditions for Run-off Cover) Determination 2004

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This Determination sets the rules for run-off cover — a special type of insurance for doctors who have retired or stopped practicing.

Why run-off cover matters: Doctors can face lawsuits years after treating a patient. When a doctor stops practicing, they no longer hold active insurance, but they still need protection against claims arising from past treatment. This is called run-off cover (insurance that "runs off" into the future to cover past incidents).

What this Determination requires: Run-off cover must be provided on the same terms and conditions as the doctor's last active medical indemnity policy. This ensures retired doctors receive the same level of protection they had when practicing, preventing insurers from watering down coverage for those no longer paying premiums.

Who it affects: Medical practitioners who have ceased practice and medical indemnity insurers providing their post-retirement coverage.

JSON API Health / NDIS / medicines

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Current sections

Direct links to the current provisions in Medical Indemnity (Prudential Supervision and Product Standards — Terms and Conditions for Run-off Cover) Determination 2004.

Medical Indemnity (Prudential Supervision and Product Standards — Terms and Conditions for Run-off Cover) Determination 2004

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Medical Indemnity (Prudential Supervision and Product Standards — Terms and Conditions for Run-off Cover) Determination 2004

I, TONY ABBOTT, Minister for Health and Ageing, make this Determination under paragraph 26A (4) (d) of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003.

Dated 22/12/2004

TONY ABBOTT

Minister for Health and Ageing

1 Name of Determination

This Determination is the Medical Indemnity (Prudential Supervision and Product Standards — Terms and Conditions for Run-off Cover) Determination 2004.

2 Commencement

This Determination commences on the date of its notification in the Gazette.

3 Terms and conditions for the provision of run-off cover

For paragraph 26A (4) (d) of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003, the terms and conditions for the provision of medical indemnity cover for a practitioner are the terms and conditions:

(a) on which the last medical indemnity cover provided for the practitioner was provided; and

(b) that are relevant to the provision of medical indemnity cover.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Medical Indemnity (Prudential Supervision and Product Standards — Terms and Conditions for Run-off Cover) Determination 2004

Medical Indemnity (Prudential Supervision and Product Standards — Terms and Conditions for Run-off Cover) Determination 2004

I, TONY ABBOTT, Minister for Health and Ageing, make this Determination under paragraph 26A (4) (d) of the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003.

Dated 22/12/2004

TONY ABBOTT

Minister for Health and Ageing

1 Name of Determination

This Determination is the Medical Indemnity (Prudential Supervision and Product Standards — Terms and Conditions for Run-off Cover) Determination 2004.

2 Commencement

This Determination commences on the date of its notification in the Gazette.

3 Terms and conditions for the provision of run-off cover

(a) on which the last medical indemnity cover provided for the practitioner was provided; and

(b) that are relevant to the provision of medical indemnity cover.