Regulation 7

where the person was a Scheme member on 28 February 2001 and remains a Scheme member with regard to any property purchased from a Housing Authority —

if the Board adjusts the Scheme member’s insurance cover because the Scheme member’s housing loan is adjusted (whether by a partial repayment of the housing loan, or otherwise) on or after 1 March 2001 —

on the date the Scheme member’s housing loan is adjusted (whether by a partial repayment of the housing loan, or otherwise); or

where the date mentioned in sub-paragraph (A) cannot reasonably be determined by the Board, on a date specified by the Board; or

if the Board adjusts the Scheme member’s insurance cover on the Scheme member’s application under regulation 25(b) to increase or reduce his or her insurance cover — on the date the Board receives the Scheme member’s application under regulation 25(b);

where —

the person became a Scheme member before 1 March 1995, remained a Scheme member on 28 February 2001 and attains 55 years of age after 28 February 2001; or

the person became a Scheme member on or after 1 March 1995, remained a Scheme member on 28 February 2001 and attains 60 years of age after 28 February 2001,on a date, specified by the Board, in the policy year in which the Scheme member attains the age mentioned in sub‑paragraph (i) or (ii), as the case may be.

cover the Scheme member under an AP cover; and

make the applicable refund, unless the Board has paid the Scheme member any previous claim under the Scheme.