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.
(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.