s.8Segregated insurance fund
8
Section 8Part 0 —

Segregated insurance fund

←→ Navigate  ·  Click subsection badges to collapse  ·  Press ? for help

There shall be a fund called the segregated insurance fund into which there shall be paid the payments specified under regulation 5 of the Health Insurance Regulations (2013 Revision) and such other payments out of the revenue of the Islands as may be approved from time to time by the Legislative Assembly.
There shall be payable out of the fund established under subsection (1) all claims arising in connection with the treatment of indigent persons.
In managing the collection of sums due to the segregated insurance fund, the Commission shall collect all sums due to the fund and remit the sums to the Ministry responsible for health insurance.
The Ministry responsible for health insurance shall manage the segregated insurance fund and in managing the fund the Ministry shall —
receive into the segregated insurance fund all sums due to such fund;
make payments from such funds necessary for the administration of the fund; and
account for all moneys collected and paid under this Law.
The Commission shall exercise due care and diligence in collecting from an approved insurer sums due to the segregated insurance fund.
As at 1st March, 2004 the payments referred to in subsection (1) shall cease to be collectable by the Authority.

Cross References