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Medical Indemnity Regulations 2020
33When does a medical practitioner have substantial insurance costs?
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33 When does a medical practitioner have substantial insurance costs?
(1) A medical practitioner for whom a contract of insurance provides professional indemnity cover in relation to a premium period has substantial indemnity costs for the period if the practitioner’s gross indemnity costs for the period exceed 7.5% of the practitioner’s private practice income (if any) for the period. (2) The excess is the subsidised excess.