Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The rules may require a medical indemnity insurer to keep records relating to the following:
(a) a refusal by the insurer to enter into a contract of insurance with a medical practitioner to provide professional indemnity cover;
(b) a requirement by the insurer that a medical practitioner pay a risk surcharge.
Note: Failure to keep the records is an offence (see section 53A).
(2) Records required by the rules must be retained for a period of 5 years (or any other period specified in the rules) starting on the day on which the records were created.
Note: Failure to retain the records is an offence (see section 53A).