Voluntary Health Insurance (Amendment) Act, 1996
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Notification to Minister of increases of subscriptions or premiums, etc., charged by Board. |
3.—(1) Whenever the Board proposes to increase the amount of a subscription, premium or other charge payable to it under a scheme under section 2 — | |
(a) it shall notify the Minister in writing of the proposal not less than 30 days before the day on which the proposed increase is intended to have effect, and | ||
(b) the Board may give effect to the increase unless the Minister, within 30 days of the notification, directs the Board in writing not to do so. | ||
(2) The Minister shall, when giving a direction to the Board under subsection (1) (b), at the same time give to the Board his or her reasons in writing for the direction. | ||
(3) The Board shall comply with a direction under this section. |