Sixth report on the costs of the Australian Government's Run-Off Cover Scheme for midwife professional indemnity insurers

2015-16 financial year

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Publication copyright
1. Introduction
2. Background
2.1 Midwife professional indemnity insurance
2.2 Brief history of private midwife insurance in Australia — the lead-up to the Midwife Professional Indemnity Scheme
2.3 What is the Run-Off Cover Arrangement?
3. Data
3.1 Data collection
3.2 Data verification
3.3 Eligible midwives
3.4 Claims eligible for Run-Off Cover Commonwealth contributions
3.5 Run-Off Cover Commonwealth Contributions
3.6 Run-Off Cover support payments
4. Financial management of the Run-Off Cover Scheme
4.1 Future liabilities of the Run-Off Cover Scheme
4.2 Notional Account
4.3 Actuarial management
Appendix 1: Run-Off Cover support payments
Appendix 2: Eligible practitioners and Run-Off Cover Scheme contracts
Appendix 3: Run-Off Cover Scheme claims
Appendix 4: Methodology, assumptions and uncertainty