A complying health insurance policy is an insurance policy that meets:
(a) the community rating requirements in Division 66; and
(b) the coverage requirements in Division 69; and
(c) if the policy * covers * hospital treatment--the benefit requirements in Division 72; and
(d) the waiting period requirements in Division 75; and
(e) the portability requirements in Division 78; and
(f) the quality assurance requirements in Division 81; and
(g) any requirements set out in the Private Health Insurance (Complying Product) Rules for the purposes of this paragraph.