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Amendment of section 11E of Principal Act
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8. Section 11E of the Principal Act is amended—
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(a) in subsection (3), by substituting the following for paragraph (b):
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“(b)second—
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(i) if the Authority is satisfied that that type of relevant contract does not provide for advanced cover where regulations do not presently specify that that type of relevant contract does not provide for advanced cover—
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(I) by regulations specify that the Authority is satisfied that that type of relevant contract does not provide for advanced cover, and
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(II) after making such regulations, enter particulars in The Register of Health Insurance Contracts to indicate that that type of relevant contract has been so specified as not providing for advanced cover,
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(ii) if the Authority is not satisfied as referred to in paragraph (a) in respect of that type of relevant contract where regulations (‘the relevant regulations’) presently specify (‘relevant specification’) that the Authority is satisfied that that type of relevant contract does not provide for advanced cover—
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(I) by regulations amend the relevant regulations to revoke the relevant specification with effect from the date on which the change concerned in a material particular of the benefits payable under that type of relevant contract is to be first made, and
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(II) after making such regulations, amend, with effect from the date referred to in clause (I), the particulars entered in The Register of Health Insurance Contracts in respect of the relevant specification.”,
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and
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(b) by inserting the following after subsection (3):
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“(3A) The Authority may at any time review any evaluation and analysis referred to in subsection (1), (2) or (3) that it has carried out and, if it is satisfied, after such review, that anything that resulted from such evaluation and analysis was not, or is no longer, correct, then the Authority may carry out a further evaluation and analysis referred to in subsection (1), (2) or (3), as the case may be, and its powers to make regulations referred to in this section and to enter particulars in, or amend particulars entered in, The Register of Health Insurance Contracts shall, with all necessary modifications, apply to any such further evaluation and analysis.”.
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