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BERMUDA

HEALTH INSURANCE (MUTUAL RE-INSURANCE FUND PREMIUM PAYMENTS) TRANSITIONAL ARRANGEMENTS REGULATIONS 2019

BR 83 / 2019

The Minister responsible for health, in exercise of the power conferred by section

16 of the Health Insurance Amendment Act 2019, makes the following Regulations:

Citation

1 These Regulations may be cited as the Health Insurance (Mutual Re-insurance Fund Premium Payments) Transitional Arrangements Regulations 2019.

2. Transitional arrangements for Mutual Re-insurance Fund premium payments

(1) In respect of each of the first twelve months (June 2019 to May 2020) from the commencement of the Health Insurance Amendment Act 2019, payments of the Mutual Re- insurance Fund premium that must be made into the Mutual Re-insurance Fund under section 3A(1A) of the Health Insurance Act 1970 shall be made by every licensed insurer and every employer who operates an approved scheme no later than 60 days after the start of the week or month (as the case may be) covered by the payment.

(2) Accordingly, in respect of payments of the Mutual Re-insurance Fund premium for the months of June 2019 to May 2020, in section 3A(1A) of the Health Insurance Act 1970, “30 days” shall be construed as “60 days”. [Regulation 2 paragraphs (1) and (2) amended by BR 120 / 2019 reg. 2 effective 30 November 2019]

Commencement

3 These Regulations shall be deemed to have come into operation on 1 June 2019.

HEALTH INSURANCE (MUTUAL RE-INSURANCE FUND PREMIUM PAYMENTS) TRANSITIONAL ARRANGEMENTS REGULATIONS 2019

Made this 4th day of July 2019

Minister of Health

[Operative Date: 01 June 2019]

[Amended by: BR 120 / 2019]