Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Insurance Council Seeks Submissions on Review of Code

Insurance Council Seeks Submissions on Review of Fair Insurance Code


The Insurance Council of NZ is encouraging consumers of insurance and community and consumer groups to have their say on the review of the Fair Insurance Code.

The Code sets high standards for general insurers who are members of ICNZ in all their dealings with consumers and small businesses. ICNZ members provide cover for over 95% of this market.

“The Fair Insurance Code applies to individuals or small businesses of less than 20 employees and describes what level of service people can expect from their insurer, explains the responsibilities that consumers and insurers have to each other, provides information on claims and complaints procedures and lays out how people can access help if things go wrong” said Tim Grafton Insurance Council Chief Executive.

“The last review three years ago introduced timeframes for handling claims and complaints and required insurers to respond reasonably to matters not disclosed to them. This review seeks to make further improvement where appropriate, so we are encouraging as many people as possible to make a submission” he said.

“We want to ensure the Code is not only doing the job we set for it in 2016 but can also respond to developments in a fast-changing insurance business and regulatory landscape,” he said.

The review will involve the Code Compliance Committee overseeing the process. Members of the committee include Sir Anand Satyanand, David McGee QC and David Caygill.

People can make a submission online at www.icnz.org.nz/FICreview or email icnz@icnz.org.nz


ENDS




© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reference Group Proposal: Motorists, MTI Support Ban On Less Safe Car Imports

A proposal to ban some used car models from being imported into New Zealand is being welcomed by the Motor Industry Association, which says Japan's scraps are being sent here for waste disposal. More>>

ALSO:

Expenses Investigation: ANZ Boss Departs Under Cloud

Last month the bank said chief executive David Hisco was taking extended leave for health reasons. However, today it has said in addition to the health issues, the board was concerned about certain transactions after reviewing Mr Hisco's personal expenses. More>>

ALSO:

Wider Net Ban, Other Threats: Plan To Expand Protection For Maui And Hector’s Dolphins

The Government is taking action to expand and strengthen the protection for Māui and Hector’s dolphins with an updated plan to deal with threats to these native marine mammals. More>>

ALSO:

Fish & Game Support: Canterbury Officer Of Health Warns On Nitrates In Water

"Nitrate testing of 114 drinking water samples from across the Canterbury plains showed that more than half of them were above the level considered safe in the world's largest ever study on the impacts of nitrates in drinking water." More>>

ALSO: