Medical Indemnity (Run-off Cover Support Payment) Act 2004
5Contribution year
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5 Contribution year
(1) Subject to subsection (2), each: (a) financial year; or (b) other period of 12 months specified in the regulations; that starts on or after 1 July 2004 is a contribution year. (2) The regulations may declare that a financial year specified in the regulations is the last contribution year. If they do so, no subsequent financial year, or period of 12 months specified in the regulations for the purposes of paragraph (1)(b), is a contribution year. (3) Regulations made for the purposes of paragraph (1)(b) may specify a different period for a particular medical indemnity insurer or class of medical indemnity insurers. If they do so, the reference in subsection (1) to the period is taken, in its application to that insurer or to an insurer of that class, to be a reference to that period for that insurer or class.