Only a private health insurer may carry on health insurance business. A private health insurer is a company that is registered under Division 3 of this Part.

Note:       Part 4-2 of the Private Health Insurance Act 2007 defines the concept of health insurance business.

There are 2 kinds of special status that some private health insurers may have. They are:

       (a)     a for profit insurer; and

      (b)     a restricted access insurer.