55‑10 Closed products, and terminated pr55‑10 Closed products, and terminated products and product subgroups

55‑10 Closed products, and terminated products and product subgroups The principle of community rating in section 55‑5 does not: (a) prevent a private health insurer from closing a *complying health insurance product, such that the *product will not be available to anyone except those persons, who at the time of closing, are insured under a policy forming part of the product; or (b) prevent a private health insurer from terminating a complying health insurance product or a *product subgroup of a complying health insurance product, such that: (i) in the case of a product—the product will not be available to any person insured under a policy forming part of the product; and (ii) in the case of a product subgroup—the product subgroup will not be available to any person insured under a policy that belongs to the product subgroup.