14Information relating to changes to premiums to be provided to Private Health Insurance Ombudsman

14 Information relating to changes to premiums to be provided to Private Health Insurance Ombudsman

(1) This rule is made for the purposes of section 96‑25 of the Act.

(2) This rule applies if the Minister has approved a proposed change to the premiums charged under a complying health insurance product of a private health insurer under subsection 66‑10 (3) of the Act.

(3) The private health insurer must notify the Private Health Insurance Ombudsman of:

(a) the premiums that applied before the approval; and

(b) the premiums that apply after the approval.

(4) The insurer must give this information to the Ombudsman before the end of the day that is the later of:

(a) 1 February immediately following the day the Minister approved the change; or

(b) 20 business days after the day the Minister approved the change.