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Victoria, British Columbia, Canada
B.C. Reg. 143/2005, deposited March 18, 2005, pursuant to the INSURANCE PREMIUM TAX ACT [Sections 1 and 41] and the TAXATION STATUTES AMENDMENT ACT, 2005 [Section 49]. Order in Council 249/2005, approved and ordered March 17, 2005.
On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that, effective January 1, 1997,
(a) the Exclusion Regulation, B.C. Reg. 89/58, is repealed, and
(b) the following regulation is made:
APPROVED PLAN REGULATION
1 For the purposes of the definition of "taxable premium" in section 1 of the Insurance Premium Tax Act, a medical services or health care plan that meets the following criteria is approved:
(a) the plan is established and managed by an insurance company or an extraprovincial insurance corporation that
(i) is authorized to carry on insurance business under the Financial Institutions Act, and
(ii) is a non-profit corporation;
(b) the plan provides for the payment of benefits directly to one or more of the following:
(i) a person entitled to practice a designated health profession under the Health Professions Act;
(ii) a chiropractor entitled to practice under the Chiropractors Act;
(iii) a dentist entitled to practice under the Dentists Act;
(iv) a medical practitioner;
(v) a registered nurse entitled to practice under the Nurses (Registered) Act;
(vi) an optometrist entitled to practice under the Optometrists Act;
(vii) a podiatrist entitled to practice under the Podiatrists Act.
— C. HANSEN, Minister of Finance; G. CAMPBELL, Presiding Member of the Executive Council.
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