Private Health Insurance (Insurer Obligations) Rules 2009
7Board policies
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7 Board policies
(1) A board must ensure that: (a) the private health insurer has written policies to manage the insurer’s risks; and (b) the private health insurer has procedures in place to monitor and evaluate compliance with policies and that these are regularly reviewed. (2) If the private health insurer is part of a corporate group and applies group policies or carries out group functions, the board of the insurer must ensure that the group policies or functions take account of the business requirements of the insurer.