As I said, the section retains the three year exemption for new entrants. However, it contains provisions aimed at securing a clearer indication of the commitment and serious business intent to actually follow through on entry to the market on the part of insurers which decide to serve a notice of exemption in the future. In that regard, it requires insurers to be registered with the Health Insurance Authority before serving a notice of exemption and that they commence business not later than three months after the date of the notice. Neither of these is an onerous step and it remains in the hands of the new entrant insurer to decide the timing in relation to becoming registered and subsequently serving a notice of exemption.