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Amendment of section 7AB of Principal Act
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2. Section 7AB of the Principal Act is amended by the substitution of the following subsection for subsection (3):
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“(3) (a) A registered undertaking shall not in any calendar year change the benefits payable under a type of relevant contract (non-advanced cover) that it offers in the State such that it becomes a type of relevant contract (advanced cover) except—
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(i) in the case of a calendar year before 1 January 2017, with effect from 1 March of that calendar year, and
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(ii) in the case of the calendar year 2017 and any subsequent calendar year, with effect from 1 April of each such calendar year.
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(b) A registered undertaking shall not in any calendar year change the benefits payable under a type of relevant contract (advanced cover) that it offers in the State such that it becomes a type of relevant contract (non-advanced cover) except—
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(i) in the case of a calendar year before 1 January 2017, with effect from 1 March of that calendar year, and
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(ii) in the case of the calendar year 2017 and any subsequent calendar year, with effect from 1 April of each such calendar year.”.
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