Regulatory Framework
Regulating the Industry
As part of the Council’s commitment to open and transparent regulation, this page provides information about PHIAC’s regulatory powers in relation to compliance and enforcement. The information provided is designed to give insurers and consumers a better understanding of the Council’s options for monitoring and where necessary intervening in the affairs of an insurer.
Regulatory Powers
As the regulator of private health insurance, the Council has powers to supervise and regulate private health insurers. The Council has the power to “do all things necessary or convenient to be done for, or in connection with the performance of its functions.” (Private health insurance Act – 2007).
For more information consult the list of the Council’s Regulatory Powers.
Enforcement Action Principles
In its regulatory activities, the Council is committed to approach enforcement with: No Surprise – Transparency – Confidentiality – Timeliness – Fairness – Responsibility – Accuracy.
For more information consult the Council Enforcement Action Principles.
Annual Regulatory Plan
PHIAC’s annual regulatory plan provides insurers, other stakeholders and the public with information about recent changes to private health insurance regulation and proposed activity that may lead to future changes in private health insurance regulation.
