(1) Subject to subsection (3), a health insurance contract effected by a registered undertaking -

(a) shall relate, at least, to such health services and relevant health services as may be prescribed, and

(b) in so far as it relates to services prescribed under paragraph (a), shall provide for the payment by the undertaking in respect of those services of amounts that are not less than such amounts as may be prescribed.

(2) The Minister may engage a person whom he or she considers competent and qualified to do so to advise him or her in relation to the performance of the functions of the Minister under this section.

(3) Subsection (1) shall not apply to a health insurance contract -