36Application for advance subsidy may be made before, or within 14 months after, start of premium year

36 Application for advance subsidy may be made before, or within 14 months after, start of premium year

(1) This section applies if: (a) a medical indemnity insurer has a contract of insurance with a medical practitioner that provides professional indemnity cover for the practitioner for a premium period in a premium year; and (b) the insurer is satisfied that, if the insurer makes a complying application under this section for a subsidy to be paid to the insurer on behalf of the practitioner for the year, an amount of subsidy will be payable under subsection 26(2) to the insurer on behalf of the practitioner for the year.

Note: Subsection 26(2) is about advance payment of subsidy based on a reasonable expectation.

(2) The insurer may make a complying application before, or within 14 months after, the start of the premium year for the subsidy to be paid to the insurer on behalf of the practitioner. (3) However, the insurer may not make an application under this section if the insurer has already made an application under section 37 for subsidy to be paid to the insurer on behalf of the practitioner for the year.