(1) This section applies if:
(a) an MDO pays, or is liable to pay, an amount in relation to a claim; and
(b) a medical indemnity insurer also pays, or is also liable to pay, an amount in relation to the same claim (the insurer amount ); and
(c) but for this section, a run - off cover indemnity in respect of the insurer amount would be payable to the insurer under section 34ZC; and
(d) the medical indemnity insurer elects in writing to have this section apply to the insurer amount.
(2) For the purposes of this Division (other than this section):
(a) the MDO is taken:
(i) to have paid, or to be liable to pay, the insurer amount in relation to the claim; and
(ii) to satisfy paragraphs 34ZC(1)(a) to (e) in relation to the insurer amount; and
(b) a run - off cover indemnity is not payable to the medical indemnity insurer in respect of the insurer amount.