BORA Insurance (Prudential Supervision) Bill [pdf, 190 KB]
...for insurers carrying on insurance business in New Zealand. A number of technical issues have been identified. This Bill contains amendments relating to those technical issues. The Bill also contains amendments that extend the term of provisional licences of insurers that enter into an insolvency procedure before 7 September 2013 and makes amendments to reduce unnecessary costs and improve administrative efficiency. 3. We have concluded that the Bill appears to be consistent with...