Discussion Paper for the Productivity Commission around the Implementation of the Proposed National Injury Insurance Scheme (NIIS)
|
|
- Dwight Grant
- 8 years ago
- Views:
Transcription
1 Discussion Paper for the Productivity Commission around the Implementation of the Proposed National Injury Insurance Scheme (NIIS) This paper responds to the Productivity Commission Draft Report into Disability Care and Support. It is intended to contribute to the discussion around practical funding arrangements for the NIIS and appropriate criterion for determining coverage of medical accidents under the NIIS. The content has been developed by the Medical Indemnity Industry Association of Australia (MIIAA). It is the result of collaboration between Avant, MDA National and MIGA, jointly representing 80% of Australia's doctors, and consultation with the Australian Medical Association. It is important to note that this document only addresses the medical profession. Clearly the introduction of the proposed NIIS will also have implications for other healthcare groups including private hospitals, dentists and other allied health practitioners. A key issue for the Medical Indemnity Industry is that consideration is given to cover for all medical accidents under the National Disability Insurance Scheme (NDIS) rather than the NIIS which would ensure that those with a severe and profound disability, regardless of how it came about, receive the necessary support in line with the objectives of a no fault compensation scheme. Two models are provided for consideration and discussion which look at the possible financial impacts of the scheme. It is noted that two different approaches have been taken and where appropriate the assumptions are stated. We provide these working illustrations at this early stage in the development of the scheme and note that the figures are highly contingent on the final framework. Further modelling will need to take place once the finer detail of the scheme are known. Contents Page 1. Definition of a Medical Accident 2 2. MII Assessment of Potential Financial Impact of the Current Proposal 3 Using the Expected Costs from the Productivity Commission Report 4 Using Closed Claims Data 5 3. Recommendations around the Implementation of the Proposed Scheme 6
2 1. Definition of a Medical Accident The definition of a medical accident has significant implications for the funding of the proposed NIIS. The more open the definition, the more people are likely to enter the scheme with the subsequent consequences for financial support. As both the NDIS and the NIIS are intended to operate on a 'no fault' basis, the Medical Indemnity Industry considers that there should not be a criterion applied to 'medical accidents' to determine which scheme should provide coverage. Nor should there be any exclusion from coverage where there has been timely and appropriate treatment. However, if coverage of medical accidents is most likely to occur under the proposed NIIS, even as an interim measure, several options are presented in the following table to aid discussion. The differences between the definitions presented all have an impact on the number of people that may be covered by the scheme and therefore the funding required to manage medical accidents under the NIIS. Definition A person has suffered a catastrophic injury as a result of seeking or receiving treatment from, or at the direction of, a healthcare professional. A medical accident may be defined, for the purposes of assessing eligibility for support under the NIIS as a rare and serious outcome of medical treatment. Injury has been caused from expected known risks or unexpected and unusual outcomes of medical treatment. Additional Information/Rationale If some kind of injury should be a precursor to coverage and an eligibility criterion should be applied, we strongly suggest that it contain no fault element and no exclusions for treatment in a timely and appropriate manner (or similar). This means that people who suffer a disability as a result of the natural expected and inevitable progression of illness or disease would not be considered injured. They may be eligible to seek assistance from the NDIS. This recommendation is subject to acknowledgement that the range of catastrophic injuries will be significantly in excess of those that doctors are currently liable for and fund via their medical indemnity insurance premiums. This would have implications for funding of medical accidents within the NIIS and the contribution by government would need to be adequate to reflect the broad approach applied. In development of the definition/criterion, the Medical Indemnity Industry recommends that consideration also be given to: Potential adverse and unintended consequences including a possible increase in disciplinary matters if injured persons feel their rights have been partially reduced (as has been seen in other no fault schemes). Any such increase could potentially lead to increased costs being borne by the MIIs in dealing with those types of matters. Ensuring that outcomes that are disease based or a natural consequence of circumstances aren't classed as accidents solely in order to provide compensation? Collaboration between the NIIS and the Australian Medical Indemnity Industry to develop the necessary expertise on the management of medical negligence issues. Thursday 19 May 2011 Page 2
3 2. MII Assessment of Potential Financial Impact of the Current Proposal This section summarises some broad thinking on the funding of the NIIS as discussed by Avant, MIGA and MDA National. Two preliminary models are presented for the purposes of informing discussion around the funding issues. These models have been developed with reference to the information provided to date and acknowledgement that ultimately, the level of contribution from doctors / MII industry is dependent upon: What will fall into the NIIS. The types of matters / injuries that doctors may be expected to contribute to. The assessments presented in relation to potential financial impact use: 1. The expected costs from the Productivity Commission Report. 2. Closed claims data from one medical indemnity insurer, extrapolated to calculate an industry cost. Both look at the potential cost of the scheme in relation to medical accidents for doctors only. None of the numbers allow for: Costs from the public sector. Cost from the private sector not covered by insurers for doctors e.g. costs incurred by private hospitals. The outcomes of this analysis show different financial impacts: Cost neutral (assuming $685m proves to be the incremental cost of providing "no fault" cover under the NIIS). To a 12% increase in costs (if the High Cost Claims Scheme for doctors remains as it is). To a potential 25% increase in costs (if the High Cost Claims Scheme is fully removed). Process Going Forward As there are currently several ways of considering the funding of the NIIS, both in the interim and longer term, the Medical Indemnity Industry recommends: The data used for reference is brought up to date ASAP. Once the Productivity Commission has a clearer design for the Scheme/s, that an actuary be appointed to work with the Medical Indemnity Insurers to develop the modelling required. This will help better inform our discussions Representatives and insurers of other healthcare practitioners are brought into the discussion to consider the their contributions to the scheme. Thursday 19 May 2011 Page 3
4 METHOD 1 - Prepared by Avant and Using the Expected Costs from the Productivity Commission Report No fault funding for medical misadventure * Assumption 1: $685m is the incremental cost needed to fund the NIIS and of that amount $95m is attributable to medical misadventure. Assumption 2: Assumption 3: Assumption 4: Transfer of medical negligence funding The $95m might reasonably be expected to be shared as to: $65m by public health i.e. 70% $30m by private health i.e. 30%. Medical indemnity premium pool (including membership fees as well as medical indemnity premiums) is currently $300m. If the medical profession is expected to fully fund the no fault element of the NIIS resulting from medical misadventure then a 10% state based NIIS levy is required. Assumption 5: Assumption 6: Assumption 7: Assumption 8: Assumption 9: Assumption 10: Assumption 11: Assumption 12: Of the current medical indemnity pool of $300m say $180m is spent on paying claims of which: $160m is spent on civil claims; and $20m is spent on non civil claims. If future care costs are no longer to be claimable then once we achieve steady state, which we predict to be in or about 2025, then on a like for like basis civil claims costs should fall from say $160m to say $130m. It is implicit from Assumption 6 that taking money from the existing premium pool is not feasible hence the concept of the state based NIIS levy. If assumptions 5 and 6 are correct then a 10% state based NIIS levy (covering the no fault element of medical misadventure claims as above) should over time be matched by a like saving in medical negligence claims costs making the NIIS levy cost neutral. It is desirable that if the $95m is not needed in Year 1 that the state based NIIS levy be ramped up to 10% over a period of time starting at 5%. If assumptions 1 to 9 are correct then it is essential the HCCS and PSS be kept in place in their current state until at least the 2020 review. If assumption 6 is conservative then the Commonwealth will benefit from the lesser quantum and dollar value claims of above the $300,000 HCCS threshold. It would also make sense politically for the state based NIIS levy: to apply to membership fees paid as well as medical indemnity premiums; and to be included as a payment for the purposes of the PSS. *See Table 16.1 from Productivity Commission Draft Report Thursday 19 May 2011 Page 4
5 METHOD 2 - Prepared by MIGA and Using Closed Claims Data Potential total cost of the scheme in relation to medical accidents for doctors The cost of claims that are expected to be transferred to the NIIS from medical indemnity insurers. $30m The cost of no fault matters not previously covered assumed to be 100% of existing costs. $30m Potential savings in legal expense. ($3m) Potential total cost of the scheme in relation to medical accidents for doctors. $57m This means the extra cost to be funded would be: If the High Cost Claims Scheme is maintained in its current form 1. $27m If the High Cost Claims Scheme is removed in full 2. $54m Impact in terms of funding: If the costs of funding the medical accident component of the NIIS are fully transferred to doctors, the impact on them might be in the following order of magnitude. Basis Without allowing for the cost of no fault matters, and assuming no change to the HCCS, the projected cost to doctors is almost unchanged. Possible levy Nil. This reflects that the lower reinsurance premiums and savings in legal costs cover the increased cost of care under the NIIS. Including the cost of no fault matters. 12% If the HCCS were fully removed and including no fault matters. 25% The modelling shows that: In the short term, and until there is more certainty around costs; the funding for the NIIS cannot be from within the existing premium pool of medical indemnity insurers. The expected costs are in excess of current costs funded by medical indemnity insurers. This is mainly driven by: The additional cost that will be added through no fault matters being covered The fact that expected savings in legal expenses will not be at the level assumed The NIIS could only be funded by an additional loading on existing premiums, which might need to be 12% or more once the Scheme is mature. Notes: 1. This is the $30 million of extra cost from the inclusion of no fault matters less the $3 million saving in legal expenses. 2. The additional $27 million cost is an estimate of the value of the HCCS support that would remain after the NIIS. Thursday 19 May 2011 Page 5
6 3. Recommendations around the Implementation of the Proposed Scheme Move straight to coverage under the NDIS 1. All medical accidents are covered by the NDIS which ensures that those with a severe and profound disability receive the necessary support in line with the objectives of a no fault compensation scheme. If an NIIS is established 2. Any levy to fund the "no fault' element of a NIIS should not be an additional financial impost on the medical profession or the Medical Indemnity Industry. 3. State levies for funding a NIIS should be consistent across all states without the variations currently seen in areas such as stamp duty (to avoid incentivising jurisdiction shopping). 4. Due to the complexity around the funding and definition of medical accidents, if it is determined that medical accidents will fall under the NIIS, we recommend that a start date of 2015 is set for both schemes. 5. Funding via any State levy should be transitioned over a 5 year period during which existing subsidies and new levies cross over, allowing for minimal impact on the profession by gradual implementation. 6. In the case of medical accidents, the 2020 review of the NIIS/NDIS should be an interim review as there will not be sufficient time (assuming implementation in 2015) to observe the true impact of the schemes given the long tail class of cover provided by the MIIs. A further review should be undertaken in 2025 to truly determine the full impacts of the Schemes. Thursday 19 May 2011 Page 6
Productivity Commission inquiry into a long term disability care and support scheme. Avant Mutual Group submission
Productivity Commission inquiry into a long term disability care and support scheme Background Avant Mutual Group submission Avant Mutual Group Limited (Avant) is Australia's largest medical defence organisation
More informationA priority for the Government is agreement on, and establishment of, models for sustainable financing that can reliably meet need into the future.
10/56 D11/2111 Inquiry into Disability Care and Support Productivity Commission GPO Box 1428 CANBERRA CITY ACT 2601 Email: disability-support@pc.gov.au INQUIRY INTO DISABILITY CARE AND SUPPORT AMA COMMENTS
More informationMedical injuries under national dis ability care and s upport s chemes. Jonathan Cohen, Linda Satchwell and Adrian Gould Taylor Fry Pty Ltd
Medical injuries under national dis ability care and s upport s chemes Jonathan Cohen, Linda Satchwell and Adrian Gould Taylor Fry Pty Ltd B ackground October 2006: NSW Lifetime care and support scheme
More informationnumber of persons eligible for membership of the Scheme;
1. INTRODUCTION 1.1. This report has been prepared to comply with certain requirements of the Medical Indemnity Act 2002 (Medical Indemnity Act). Section 34ZW of the Medical Indemnity Act provides for
More informationPRIME MINISTER A NEW MEDICAL INDEMNITY INSURANCE FRAMEWORK
PRIME MINISTER A NEW MEDICAL INDEMNITY INSURANCE FRAMEWORK Today I am announcing the Government s package of measures to address rising medical indemnity insurance premiums and ensure a viable and ongoing
More informationOngoing Impact of the Global Economy on the Australian Insurance Landscape
Ongoing Impact of the Global Economy on the Australian Insurance Landscape Martin Fry Taylor Fry Pty Ltd Short term GFC Effects Claim numbers of high cost cases have reduced during GFC since 2007/08 One
More informationAvant Mutual Group Limited
Avant Mutual Group Limited Submissions on Draft Report of the Victorian Competition and Efficiency Commission s Inquiry into Aspects of the Wrongs Act 1958 1. Key points and general comments Avant does
More informationSecond report on the costs of the Australian Government s Run-Off Cover Scheme for midwife professional indemnity insurers. 2011-12 financial year
Second report on the costs of the Australian Government s Run-Off Cover Scheme for midwife professional indemnity insurers 2011-12 financial year Commonwealth of Australia 2014 ISBN 978-0-642-74954-3 Ownership
More informationLimitation of Liability
Limitation of Liability Submission to the Attorney-General (Western Australia) July 2000 The Institution of Engineers, Australia Institution of Engineers, Australia 11 National Circuit, Barton, ACT, 2604
More informationMedical treatment injury under the NIIS
L Medical treatment injury under the NIIS This appendix expands on the discussion and recommendation in chapter 18 about options to fund medical treatment injury under the National Injury Insurance Scheme
More informationDisability care and support
ADVISORY Disability care and support Discussion paper September 2011 kpmg.com.au 2 Disability care and support Overview and background As part of the Australian Government s commitment to developing a
More informationThis article examines what s happened in recent years and provides an outlook on the challenges facing the market in the years to come.
The following article originally appeared in the June/July 2006 edition of the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) Journal (Vol 29 No.3). The ANZIIF Journal has kindly
More information11 August 2014. Review of Australia s Welfare System CANBERRA ACT 2600. Dear Sir/Madam. Welfare Review Submission
11 August 2014 Review of Australia s Welfare System CANBERRA ACT 2600 Dear Sir/Madam Welfare Review Submission The Financial Services Council (FSC) represents Australia's retail and wholesale funds management
More informationIndemnity for Health Professionals in Rural and Remote Australia
Indemnity for Health Professionals in Rural and Remote Australia Paper prepared by the NRHA for input into Medical Indemnity Summit 23 April 2002 Introduction The National Rural Health Alliance is a well-established
More informationThe facts. Private health insurance.
The facts. Private health insurance. Fact. The rebate on private health insurance reduces pressure on public health spending. Private healthcare is funded through a combination of private health insurance
More informationHeads of Agreement between the Commonwealth and Queensland Governments on the National Disability Insurance Scheme
Heads of Agreement between the Commonwealth and Queensland Governments on the National Disability Insurance Scheme This Agreement is made BETWEEN the COMMONWEALTH OF AUSTRALIA (Commonwealth) and the STATE
More informationmany activities to be undertaken that would not otherwise take place, and is an effective mechanism for pooling and transferring risk.
9 March 2015 Royal Commission into Institutional Responses to Child Sexual Abuse Submitted by email: redress@childabuseroyalcommission.gov.au Dear Sir/Madam CONSULTATION PAPER: REDRESS AND CIVIL LITIGATION
More informationLONG TERM CARE : WHAT CAN WE LEARN FROM THE INTERNATIONAL EXPERIENCE?
LONG TERM CARE : WHAT CAN WE LEARN FROM THE INTERNATIONAL EXPERIENCE? Bridget Browne & Romain Bridet Key words: Long Term Care, international social security systems, life insurance Purpose of your paper:
More informationThis chapter notes, where appropriate, further legislative reforms by the Commonwealth and each State or Territory jurisdiction.
FURTHER REFORMS Since 2002, jurisdictions across Australia have taken account of their individual circumstances and made alterations to their legislative regimes additional to the comprehensive programme
More information10.4 The ICF and accident compensation in Australia
10.4 The ICF and accident compensation in Australia John Walsh, Actuarial, PricewaterhouseCoopers Address for correspondence: john.e.walsh@au.pwcglobal.com Abstract This paper briefly describes the Australian
More informationExpansion of Motor Injury Insurance Cover Catastrophic Injury Support scheme
Frequently Asked Questions Expansion of Motor Injury Insurance Cover Catastrophic Injury Support scheme What is the Catastrophic Injury Support scheme? What is a catastrophic injury? A catastrophic injury
More informationNational Disability Insurance Scheme : new deal for people with a disability
National Disability Insurance Scheme : new deal for people with a disability Richard Madden> Centre for Disability Research and Policy (CDRP) University of Sydney This presentation has been prepared for
More informationThe amount you have to pay is shown in the policy schedule, which the insurer will send you when the cover has been arranged.
http://understandinsurance.com.au/premiums-explained Premiums explained A premium is the amount you pay an insurer for insurance cover. It reflects what the insurer believes is the likelihood you will
More informationEMPLOYMENT INJURY COMPENSATION: INTERNATIONAL TRENDS, CHALLENGES. Rationale for a Study on EI in Southern and Eastern Africa
EMPLOYMENT INJURY COMPENSATION: INTERNATIONAL TRENDS, CHALLENGES Rationale for a Study on EI in Southern and Eastern Africa SUMMARY What is Employment Injury Social Insurance Trends and challenges of EI
More informationIdea Pilot Policy Paper Legislation Implementation Evaluation Change
Medical Indemnity Country: Australia Partner Institute: Centre for Health, Economics Research and Evaluation (CHERE), University of Technology, Sydney Survey no: (1)2003 Author(s): Marion Haas Health Policy
More informationGuidelines for professional indemnity insurance
Guidelines for professional indemnity insurance Contents Introduction 1 Who needs to use these guidelines? 1 Summary of guidelines 1 Background 1 1. Professional indemnity insurance arrangements 1 2. Adequate
More informationINTERGOVERNMENTAL AGREEMENT FOR THE NATIONAL DISABILITY INSURANCE SCHEME (NDIS) LAUNCH
INTERGOVERNMENTAL AGREEMENT FOR THE NATIONAL DISABILITY INSURANCE SCHEME (NDIS) LAUNCH Part 1 Preliminaries 1. The Commonwealth of Australia (the Commonwealth) and States and Territories (the States) are
More informationProfessional Indemnity Insurance for Eligible Midwives
Professional Indemnity Insurance for Eligible Midwives Information Booklet Practise with confidence From 1 July 2010 IMPORTANT This document has been prepared to provide eligible midwives with key information
More informationWORKCOVER WA REVIEW OF THE WORKERS COMPENSATION AND INJURY MANAGEMENT ACT 1981 FINAL REPORT
Mr Chris White A/Chief Executive Officer WorkCover WA 2 Bedbrook Place Shenton Park WA 6009 31 July 2014 Dear Mr White WORKCOVER WA REVIEW OF THE WORKERS COMPENSATION AND INJURY MANAGEMENT ACT 1981 FINAL
More informationANALYSIS OF PROPOSED BILLS TO REFORM THE WORKERS COMPENSATION SYSTEM
ANALYSIS OF PROPOSED BILLS TO REFORM THE WORKERS COMPENSATION SYSTEM Part O of Senate Bill 2605 / Assembly 3005, which is part of the proposed budget bill introduced by Governor Cuomo proposes to reform
More informationInsurance Contracts Act 1984 (ICA) Royal & Sun Alliance Response to Issues Paper on s54
Insurance Contracts Act 1984 (ICA) Royal & Sun Alliance Response to Issues Paper on s54 1. Introduction Royal & Sun Alliance Insurance Australia Limited (R&SAIAL), a subsidiary of the Promina Group, is
More information1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.
Reporting Standard SRS 161.0 Self-Insurance Objective of this Reporting Standard This Reporting Standard sets out the requirements for the provision of information to APRA relating to self-insurance arrangements
More informationCOUNCIL OF AUSTRALIAN GOVERNMENTS
COUNCIL OF AUSTRALIAN GOVERNMENTS High-level Principles for a National Disability Insurance Scheme A National Disability Insurance Scheme 1. The Council of Australian Governments (COAG) has welcomed the
More informationStop Loss for Self-Funded Plans
CIGNA Whitepaper Stop Loss for Self-Funded Plans Table of Contents Introduction... 1 What is Self-Funding?... 2 Risk and Benefits of Self-Funding... 2 Why Invest in Stop Loss Insurance?... 2 Types of Stop
More informationWORKPLACE COMPENSATION CLAIM SUCCESS
WORKPLACE COMPENSATION CLAIM SUCCESS THE 6 MOST COMMON MISTAKES PEOPLE MAKE What you need to know to make sure you have a successful workers compensation claim At Garling & Co we have dealt with thousands
More informationInjuries to the student during the course of work on placement UK placements
Appendix C: Insurance Insurance: General introduction Insurance needs to be considered from the various perspectives of what could go wrong and who can be adversely affected. This section provides a brief
More informationPREMIUM AND BONUS. MODULE - 3 Practice of Life Insurance. Notes
4 PREMIUM AND BONUS 4.0 INTRODUCTION A insurance policy needs to be bought. This comes at a price which is known as premium. Premium is the consideration for covering of the risk of the insured. The insured
More informationCOAG National Legal Profession Reform Discussion Paper: Professional Indemnity Insurance
COAG National Legal Profession Reform Discussion Paper: Professional Indemnity Insurance Introduction Professional indemnity insurance is insurance that:... indemnifies professional people accountants,
More informationreceive the full amount of any of the qualifying benefits and allowances for the full year, and have no other taxable income.
Page 1 of 9 Guide to tax offsets Overview Tax offsets (sometimes also referred to as rebates) directly reduce the amount of tax you must pay. They are not the same as tax deductions. Deductions only reduce
More informationAvant Mutual Group Limited. Submissions to the Victorian Competition and Efficiency Commission Inquiry into Aspects of the Wrongs Act 1958
Avant Mutual Group Limited Submissions to the Victorian Competition and Efficiency Commission Inquiry into Aspects of the Wrongs Act 1958 1. Introduction Avant Mutual Group Limited ( Avant ) is Australia
More informationDENTAL ACCESS PROGRAMME INSURANCE GUIDANCE
DENTAL ACCESS PROGRAMME INSURANCE GUIDANCE Beachcroft LLP 7 Park Square East Leeds LS1 2LW UK tel: +44 (0) 113 251 4700 fax: +44 (0) 113 251 4900 DX 14099 Leeds Park Square 25 February 2010 DENTAL ACCESS
More informationOptions to add no-fault catastrophic injury cover
Options to add no-fault catastrophic injury cover Towards an appropriate solution Submission to Insurance Commission of Western Australia Green Paper - Options to add non-fault catastrophic injury cover
More informationSUBMISSION OF THE LAW SOCIETY S WORKING PARTY TO THE LEGCO LEGAL AFFAIRS PANEL REGARDING THE OPERATIONS OF RECOVERY AGENTS IN HONG KONG
LC Paper No. CB(2)517/05-06(01) SUBMISSION OF THE LAW SOCIETY S WORKING PARTY TO THE LEGCO LEGAL AFFAIRS PANEL REGARDING THE OPERATIONS OF RECOVERY AGENTS IN HONG KONG 1. This is a submission of the Recovery
More informationAppendix D: Insurance
Appendix D: Insurance Insurance: General introduction Insurance needs to be considered from the various perspectives of what could go wrong and who can be adversely affected. This appendix provides a brief
More informationWorker's Compensation Insurance in Wisconsin THE SYSTEM, THE BENEFITS, THE COSTS A REFERENCE GUIDE FOR EMPLOYERS
Worker's Compensation Insurance in Wisconsin THE SYSTEM, THE BENEFITS, THE COSTS A REFERENCE GUIDE FOR EMPLOYERS This guide is intended to provide a general, non-technical explanation to help employers
More informationNational Injury Insurance Scheme Workplace Accidents
1 National Injury Insurance Scheme Workplace Accidents Consultation Regulation Impact Statement (RIS) 1. Introduction The Commonwealth is working with the States and Territories to develop a National Injury
More information2 COMMENCEMENT DATE 5 3 DEFINITIONS 5 4 MATERIALITY 8. 5 DOCUMENTATION 9 5.1 Requirement for a Report 9 5.2 Content of a Report 9
PROFESSIONAL STANDARD 300 VALUATIONS OF GENERAL INSURANCE CLAIMS INDEX 1 INTRODUCTION 3 1.1 Application 3 1.2 Classification 3 1.3 Background 3 1.4 Purpose 4 1.5 Previous versions 4 1.6 Legislation and
More informationMINIMUM SURRENDER VALUES AND PAID-UP VALUES
MARCH 2002 Actuarial Standard 4.02 MINIMUM SURRENDER VALUES AND PAID-UP VALUES Life Insurance Actuarial Standards Board TABLE OF CONTENTS INTRODUCTION PAGE The Standard 2 Application of the Surrender Value
More informationRun-Off Cover Scheme (ROCS) Important Information Effective from 1 October 2014
Run-Off Cover Scheme (ROCS) Important Information Effective from 1 October 2014 MDA National Insurance Pty Ltd ABN 56 058 271 417 AFS Licence No.238073 Introduction Section 1: Terms and Conditions of
More informationUNIVERSITY HOSPITALS OF LEICESTER NHS TRUST
UNIVERSITY HOSPITALS OF LEICESTER NHS TRUST POLICY FOR TRUST INDEMNITY ARRANGEMENTS (IN RESPECT OF CLINICAL NEGLIGENCE AND OTHER THIRD PARTY LIABILITIES) 21 st November 2003 APPROVED BY: Trust Executive
More informationMotor Vehicle Accidents (Lifetime Support Scheme) Act 2013
Version: 1.7.2015 South Australia Motor Vehicle Accidents (Lifetime Support Scheme) Act 2013 An Act to provide a scheme for the lifetime treatment, care and support of persons catastrophically injured
More informationEmployer commencement as a self-insurer
External Guideline #21 Employer commencement as a self-insurer Version 4 1 April 2015 Contents 1 Overview... 4 2 Employer election... 4 3 Election to assume tail claims... 5 3.1 Transfer date... 5 3.2
More informationWorkCover claims. Report 18: 2014 15
Report 18: 2014 15 Queensland Audit Office Location Level 14, 53 Albert Street, Brisbane Qld 4000 PO Box 15396, City East Qld 4002 Telephone (07) 3149 6000 Email Online qao@qao.qld.gov.au www.qao.qld.gov.au
More information1 Introduction... 1. 2 History... 2. 3 Employing authority/trust indemnity: who is covered for what?... 3
This guidance note describes the NHS indemnity scheme introduced in January 1990 and alerts members to its limitations. Members are advised to retain defence body membership or take out personal indemnity
More informationBENEFITS COMPARISON BETWEEN RAF SCHEME AND THE PROPOSED RABS
BENEFITS COMPARISON BETWEEN RAF SCHEME AND THE PROPOSED RABS Difference between RAF Scheme & RABS For purposes of the comparison, the current Road Accident Fund Act, No. 56 of 1996 (as amended on 1 August
More informationSUBMISSION TO: THE WORKPLACE SAFETY & INSURANCE BOARD S RATE FRAMEWORK MODERNIZATION CONSULTATION CANADIAN MANUFACTURERS & EXPORTERS.
CANADIAN MANUFACTURERS & EXPORTERS SUBMISSION TO: THE WORKPLACE SAFETY & INSURANCE BOARD S RATE FRAMEWORK MODERNIZATION CONSULTATION October 2, 2015 1 CANADIAN MANUFACTURERS & EXPORTERS SUBMISSION TO THE
More informationQUESTIONS AND ANSWERS HEALTHCARE IDENTIFIERS BILL 2010
About Healthcare Identifiers QUESTIONS AND ANSWERS HEALTHCARE IDENTIFIERS BILL 2010 Q1. What is the Healthcare Identifiers Service? The Healthcare Identifiers (HI) Service will implement and maintain a
More informationTHE NSW COMPULSORY THIRD PARTY GREEN SLIP INSURANCE SCHEME: SUBMISSION TO THE CONSULTATION ON THE PROPOSED REFORMS
The Hon Greg Pearce MLC Minister for Finance & Services Minister for the Illawarra 5 April 2013 Dear Minister THE NSW COMPULSORY THIRD PARTY GREEN SLIP INSURANCE SCHEME: SUBMISSION TO THE CONSULTATION
More informationWho is insured? Australian Polo Federation (APF) including all State Associations, Clubs, committees and members and APF sanctioned events.
FAQ S & ANSWERS Who are Affinity Insurance Brokers? Affinity is a licensed insurance broker and has been in operation for over 30 years specialising in tailoring insurance solutions for their clients.
More informationProcess of Establishing a Surplus Policy for the New Jersey School Boards Insurance Group
1 Process of Establishing a Surplus Policy for the New Jersey School Boards Insurance Group Background In 2010 the Board of Trustees of the New Jersey School Boards Insurance Group (NJSBAIG) developed
More informationNON-INSURANCE IN THE SMALL TO MEDIUM SIZED ENTERPRISE SECTOR
NON-INSURANCE IN THE SMALL TO MEDIUM SIZED ENTERPRISE SECTOR DECEMBER 2008 0 KEY FINDINGS 26% of all small to medium sized enterprises (SMEs) do not have any form of general. Sole traders have the highest
More informationOUTLOOK: PERSPECTIVES ON TOPICAL RISK AND INSURANCE ISSUES FOR UK CORPORATES
June 2013 MARSH INSIGHTS: OUTLOOK: PERSPECTIVES ON TOPICAL RISK AND INSURANCE ISSUES FOR UK CORPORATES Over recent months we have profiled several developments in relation to insurance claims specifically
More informationCHAPTER 2 THE RELATIONSHIP BETWEEN NO-FAULT INSURANCE AND DRIVER BEHAVIOR
-5- CHAPTER 2 THE RELATIONSHIP BETWEEN NO-FAULT INSURANCE AND DRIVER BEHAVIOR Under a traditional tort system, at-fault drivers are liable for the economic and noneconomic damages they inflict on third
More informationClinical Negligence: A guide to making a claim
: A guide to making a claim 2 Our guide to making a clinical negligence claim At Kingsley Napley, our guiding principle is to provide you with a dedicated client service and we aim to make the claims process
More informationCLINICAL INDEMNITY SCHEME. Draft Scope of Coverage
- 1 - CLINICAL INDEMNITY SCHEME Draft Scope of Coverage 1. General Principles The Clinical Indemnity Scheme has been established on the basis of enterprise liability. The fundamental principle underlying
More informationRURAL VMO/HMO CONTRACT OF LIABILITY COVERAGE (INCLUDING PRIVATE INPATIENT INDEMNITY COVER)
RURAL VMO/HMO CONTRACT OF LIABILITY COVERAGE (INCLUDING PRIVATE INPATIENT INDEMNITY COVER) THIS CONTRACT is made on the day of 2006, BETWEEN (insert the name of public health organisation) ("the PHO")
More informationMAURICE BLACKBURN LAWYERS MEDICAL NEGLIGENCE SOUTH AUSTRALIA
MAURICE BLACKBURN LAWYERS MEDICAL NEGLIGENCE SOUTH AUSTRALIA 02 MAURICE BLACKBURN YOU RE WORTH FIGHTING FOR. If you are hurt, injured, or are facing an unfair situation, you and your family shouldn t have
More informationHow will you be able to pay your student loans if you become sick or injured?
How will you be able to pay your student loans if you become sick or injured? Introducing... Medical ValueGuard Own-Occupation Disability Protection For Your Student Loans You have invested countless hours
More informationIncome Protection and Total and Permanent Disability
Income Protection and Total and Permanent Disability Important information George s story and Leona s story are hypothetical stories and are included for illustrative purposes only. The names and identifying
More informationIssues Paper April 2010. Issues Related to Insurance Protection for Volunteers
Issues Paper April 2010 Issues Related to Insurance Protection for Volunteers Volunteering Australia 2010 Authorised By: Cary Pedicini Chief Executive Officer Volunteering Australia Suite 2, Level 3 11
More informationwww.nextstepaustralia.com Healthcare in Australia
www.nextstepaustralia.com Healthcare in Australia Healthcare in Australia Australia has a complex healthcare system including both public & private provision. Medicare the state-run healthcare scheme is
More informationMAURICE BLACKBURN LAWYERS MEDICAL NEGLIGENCE NSW
MAURICE BLACKBURN LAWYERS MEDICAL NEGLIGENCE NSW 02 MAURICE BLACKBURN YOU RE WORTH FIGHTING FOR. If you are hurt, injured, or are facing an unfair situation, you and your family shouldn t have to suffer.
More informationMinisterial Meeting on Public Liability Insurance
Submission to Ministerial Meeting on Public Liability Insurance 27 March 2002 from 2 About Volunteering Australia Volunteering Australia is the national peak body for volunteering in Australia. It s mission
More informationHow To Handle A Complaint In The Uk
MEDICAL PROTECTION SOCIETY PROFESSIONAL SUPPORT AND EXPERT ADVICE MPS COMPLAINTS SERIES BOOK 5 NHS complaints procedure An overview www.mps.org.uk Contents Regulations and principles page 3 Putting the
More informationMAURICE BLACKBURN LAWYERS ROAD ACCIDENT INJURIES SOUTH AUSTRALIA
MAURICE BLACKBURN LAWYERS ROAD ACCIDENT INJURIES SOUTH AUSTRALIA 02 MAURICE BLACKBURN YOU RE WORTH FIGHTING FOR. If you are hurt, injured, or are facing an unfair situation, you and your family shouldn
More informationPricing Private Health Insurance Products in China. Chen Tao
Pricing Private Health Insurance Products in China Chen Tao Abstract In this paper an overview of how to price private health insurance products in China is given. In the beginning the Chinese private
More informationGeorgia Board for Physician Workforce
Board for Physician Workforce Spotlight on National Tort Reform & Reform in the Surrounding States August 2010 Tort reform continues to be a highly debated issue at both the state and national level. In
More informationNSW Home Warranty Insurance Scheme. Information on the Scheme as at. 31 March 2014
NSW Home Warranty Insurance Scheme Information on the Scheme as at 31 March 2014 25 August 2014 Home Warranty Insurance Scheme Board NSW Fair Trading Department of Finance and Services Level 11, 10-14
More informationOperational Guideline Compensation Recovery of NDIS Amounts Action has not Been Commenced to Recover Compensation
Operational Guideline Compensation Recovery of NDIS Amounts Action has not Been Commenced to Recover Compensation Legislation 1. Read ss.104, 105 and 105A of the National Disability Insurance Scheme Act
More informationWhich of the following do you think could be liable to pay compensation?
ACTIVITY 3 A patient is admitted into an NHS trust hospital for surgery to repair a hernia. Unfortunately, by mistake, a swab is left inside the patient who has to return to theatre for a second operation.
More informationfor guidance. Why The new place protect members, insureds and What is a merger? their members.
Questionss and Answerss For members, clients and stakeholders Introduction This document has been preparedd to assist members, clients, insureds and stakeholders of both MDA National and MIGA to understand
More informationNATIONAL INSURANCE BROKERS ASSOCIATION OF AUSTRALIA (NIBA) Submission to WorkCover Western Australia. Legislative Review 2013
NATIONAL INSURANCE BROKERS ASSOCIATION OF AUSTRALIA (NIBA) ABOUT NIBA Submission to WorkCover Western Australia Legislative Review 2013 February 2014 NIBA is the peak body of the insurance broking profession
More informationINSURANCE GUIDE For members of Apex Super Fund
INSURANCE GUIDE For members of Apex Super Fund Apex Super The information in this document forms part of the Product Disclosure Statement of Apex Super Fund dated 1 October 2014. 1 October 2014 Introduction
More informationFINANCIAL SYSTEM INQUIRY CHAPTER TWO CONSUMER OUTCOMES
FINANCIAL SYSTEM INQUIRY Phase TWO CHAPTER TWO CONSUMER OUTCOMES CHAPTER 2 - CONSUMER OUTCOMES OUTLINE This chapter outlines our recommendations on how the life insurance and financial advice sectors could
More informationASSOCIATE MEMBERSHIP INFORMATION PACKAGE
ASSOCIATE MEMBERSHIP INFORMATION PACKAGE ABOUT CRAFT ACT: CRAFT AND DESIGN CENTRE ASSOCIATE MEMBERSHIP (AM) Contemporary craft and design in Canberra is a diverse and vibrant field. The number of successful
More informationMAURICE BLACKBURN LAWYERS WORKERS COMPENSATION ACT
MAURICE BLACKBURN LAWYERS WORKERS COMPENSATION ACT 02 MAURICE BLACKBURN YOU RE WORTH FIGHTING FOR. If you are hurt, injured, or are facing an unfair situation, you and your family shouldn t have to suffer.
More informationTrends in Large Common Law Personal Injury Claims
Trends in Large Common Law Personal Injury Claims Prepared by Gae Robinson and Gillian Harrex Presented to the Institute of Actuaries of Australia XIV General Insurance Seminar 2003 9-12 November 2003
More informationNATIONAL INSURANCE BROKERS ASSOCIATION OF AUSTRALIA (NIBA) SUBMISSION ON NSW WORKERS COMPENSATION SCHEME INQUIRY. 17 May 2012
NATIONAL INSURANCE BROKERS ASSOCIATION OF AUSTRALIA (NIBA) SUBMISSION ON NSW WORKERS COMPENSATION SCHEME INQUIRY 17 May 2012 ABOUT NIBA NIBA is the voice of the insurance broking industry in Australia.
More informationChapter 11 SUPPLEMENTARY FINANCING OPTION (4) VOLUNTARY PRIVATE HEALTH INSURANCE. Voluntary Private Health Insurance as Supplementary Financing
Chapter 11 SUPPLEMENTARY FINANCING OPTION (4) VOLUNTARY PRIVATE HEALTH INSURANCE Voluntary Private Health Insurance as Supplementary Financing 11.1 Voluntary private health insurance includes both employer
More informationUHI Explained. Frequently asked questions on the proposed new model of Universal Health Insurance
UHI Explained Frequently asked questions on the proposed new model of Universal Health Insurance Overview of Universal Health Insurance What kind of health system does Ireland currently have? At the moment
More informationActuaries Institute submission to the Private Health Insurance Review
7 December 2015 The Hon Sussan Ley MP Minister for Health Parliament House CANBERRA ACT 2600 Email: PHIconsultations2015-16@health.gov.au Dear Minister Actuaries Institute submission to the Private Health
More informationClinical negligence. Grounds
Clinical negligence Clinical negligence occurs when the care or treatment the Claimant received from a health service provider was below the standard that is expected. This test was established in the
More informationEVALUATION OF THE INVESTMENT COMPENSATION SCHEME DIRECTIVE DG INTERNAL MARKET AND SERVICES EXECUTIVE REPORT AND RECOMMENDATIONS
EVALUATION OF THE INVESTMENT COMPENSATION SCHEME DIRECTIVE DG INTERNAL MARKET AND SERVICES EXECUTIVE REPORT AND RECOMMENDATIONS 1. BACKGROUND Directive 97/9/EC, known as the Investment Compensation Scheme
More informationHealth expenditure Australia 2011 12: analysis by sector
Health expenditure Australia 2011 12: analysis by sector HEALTH AND WELFARE EXPENDITURE SERIES No. 51 HEALTH AND WELFARE EXPENDITURE SERIES Number 51 Health expenditure Australia 2011 12: analysis by sector
More informationMaking Sense of the MBS
Making Sense of the MBS An Overview Introduction This fact sheet provides an overview of the Medicare Benefits Schedule (MBS). The fact sheet is intended for headspace centre managers, to assist them with
More informationA Guide to Legal Malpractice Insurance
A Guide to Legal Malpractice Insurance Legal Malpractice Insurance Terms Admitted Carrier A carrier licensed and authorized to write insurance in a particular state using rates, rules and forms that have
More informationGlossary of Insurance Terms: (obtained from website: http://www.iii.org/individuals/glossary/alfa.l/)
Glossary of Insurance Terms: (obtained from website: http://www.iii.org/individuals/glossary/alfa.l/) ACTUAL CASH VALUE A form of insurance that pays damages equal to the replacement value of damaged property
More informationTort System and Government Role in Designing and Reforming Medical Malpractice Compensation Regimes, 2006
Austria Burden of proof is shifted to the health care provider proven and presumed error. Damages: Economic; n-economic Tort law reform is considered. Compulsory by the Medical Association s code of Conduct
More informationHospitalisation and surgical insurance provides for hospitalisation and surgical expenses incurred due to illnesses covered under the policy.
Medical & Health insurance Introduction This is an introductory guide designed to provide you with a basic understanding of medical and health insurance (MHI). It gives you basic information so that you
More informationInsurance and compensation in the event of injury in Phase I clinical trials
Insurance and compensation in the event of injury in Phase I clinical trials Guidance developed by the Association for the British Pharmaceutical Industry, the BioIndustry Association and the Clinical
More information