Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Except as provided in subsection (2), a person who is an insurer must not enter into a contract of insurance that comprises or contains a refund agreement.
Penalty: 20 penalty units
(2) This section does not prevent a private health insurer from entering into a complying health insurance policy under which the insurer covers the cost of pharmaceutical benefits dispensed to a person as part of an episode of hospital treatment or hospital-substitute treatment covered by the policy.
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