National Health Insurance Act, 1942

Quinquennial actuarial review of and report on finances of the National Health Insurance system.

2.—(1) As soon as may be after the expiration of each financial period (other than the first financial period), the Minister, with the consent of the Minister for Finance, shall appoint an actuary, whose duty shall include—

(a) the making (having regard to (i) the amount by which the income of the Society, after deducting therefrom the amount available for administration, exceeded the amounts expended by or debited to the Society in respect of statutory benefits (other than additional benefits) and transfer values and for the purposes of the Medical Certification Fund, and (ii) terms of reference (if any) settled by the Minister after consultation with the Minister for Finance) of a comprehensive review of the finances of the National Health Insurance system as at the end of such financial period, and

(b) the furnishing to the Minister of a report on the finances of the National Health Insurance system and the inclusion in such report of a recommendation as to the amount of such excess that may be made available towards the provision of additional benefits including the administration thereof in each year of the additional benefit period next following.

(2) A copy of each report made by an actuary under this section shall be laid before each House of the Oireachtas.