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Private Health Insurance (Prudential Supervision) Act 2015
91Simplified outline of this Part
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#### 91 Simplified outline of this Part
Private health insurers must comply with prudential standards made by APRA.
A private health insurer must notify APRA if it becomes aware of a contravention by it of a prudential standard (other than a contravention that is merely of a minor or technical nature) or any other matter or occurrence that materially affects its financial position.
APRA may, on certain grounds, give a private health insurer a direction that the insurer must comply with.