Paragraph 7 IP GuaranteesF1
Where the Secretary of State requires an Independent Provider to provide an IP guarantee the Secretary of State must require that guarantee to—
guarantee payment to the Secretary of State of the required level of cover: such a guarantee must take effect on the date on which approval under this Schedule takes effect;
be in a form approved by the Secretary of State from time to time;
be underwritten by one or more bodies satisfactory to the Secretary of State.
But the Secretary of State may exceptionally specify that a guarantee is to meet other requirements.
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