Paragraph 10 IP GuaranteesF1
Where paragraph 9(e) applies, and the Independent Provider determines that the amount of cover currently provided by its extant IP guarantee (or guarantees where it has more than one) does not equal the required level of cover in respect of all of its qualifying contracts, it must within 14 days of that determination either—
increase the amount of cover provided by that guarantee or guarantees so that it is at least equal to the required level of cover and notify the Secretary of State in writing of it having done so; or
take out one or more further guarantees for the amount by which the required level of cover has increased and notify the Secretary of State in writing of it having done so.
Annotations
Textual amendments
- F1
Sch. 2B inserted (1.4.2014) by The National Health Service Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/570), regs. 1(2), 17 (with reg. 49)
Notes on Schedule 2B
Textual amendments
- F2
Word in Sch. 2B heading substituted (1.4.2015) by The National Health Service Pension Scheme, Injury Benefits and Additional Voluntary Contributions (Amendment) Regulations 2015 (S.I. 2015/96), regs. 1(2), 16