14Amount of claim handling fee for eligible run‑off claim

14 Amount of claim handling fee for eligible run‑off claim

General rule (1) The amount of the claim handling fee is 5% of the run‑off cover indemnity. Rule if high cost claim indemnity payable (2) However, if the underlying payment is a qualifying payment (or one of 2 or more qualifying payments), described in paragraphs 30(1)(e) and (f) of the Act (about high cost claim indemnity), of the medical indemnity provider, the amount of the claim handling fee is 5% of the sum of: (a) the run‑off cover indemnity; and (b) the amount by which the run‑off cover indemnity was reduced by a high cost claim indemnity payable in respect of the qualifying payment.