Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

ICNZ welcomes reforms to insurance contract law

The Insurance Council of New Zealand (ICNZ) welcomes moves announced today by Minister of Commerce and Consumer Affairs Kris Faafoi to reform insurance contract law.

Tim Grafton, Chief Executive ICNZ, says the current legislation is outdated and needs to be consolidated into a single piece of law.

"This is a highly technical area and we support the Minister’s decision to consult on a draft piece of legislation, a process that we will engage in constructively.

"Consultation will allow us to ensure the strengthened consumer protections in insurance contracts provide clarity and certainty for all parties, he said"

For the past four years ICNZ’s Fair Insurance Code has required its members to respond proportionately when consumers don’t disclose something they should have, a process ICNZ supports applying to the whole sector.

"Also under our Code, we require our members to set out their insurance policies in plain English which the whole sector should be striving to do. Furthermore, putting the onus on insurers to ask the right questions of consumers to underwrite a risk reflects the fact they have the ability to ask the right questions.

Mr Grafton concluded that ICNZ supports the Minister taking a balanced and careful approach to reform to what is a complicated and technical area.


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Buying Ventilators, And Expanding The Testing For Covid-19

Before getting into recent developments….. who knew that Covid-19 was so powerful it could make NZ parliamentarians act like adults, and make them pose intelligent questions to officials and Cabinet Ministers about issues of public interest? Wowzah. Yet that’s what happened yesterday during the first session of the Epidemic Response Committee (ERC) which allows the Opposition (and a few backbench MPs) to critically scrutinise the government’s response to Covid-19. If normality ever returns, could we make Parliament be more like this, and less like the usual Question Time circus in the House..?More>>

 

Government: Seeking Infrastructure Projects


The Government has tasked a group of industry leaders to seek out infrastructure projects that are ready to start as soon as the construction industry returns to normal to reduce the economic impact of the COVID-19 pandemic, Economic Development Minister Phil Twyford and Infrastructure Minister Shane Jones say...More>>

ALSO:


Police Commissioner: Christchurch Terrorist Pleads Guilty

Police acknowledge the guilty pleas in the Christchurch Mosque attacks prosecution that were entered in the Christchurch High Court today. The guilty pleas to 51 charges of murder, 40 charges of attempted murder and one charge of engaging in a terrorist ... More>>

ALSO:

Transport: $54 billion Investment In Draft GPS 2021

The Draft Government Policy Statement (GPS) 2021 on land transport confirms that the Government will invest a record $54 billion in its balanced transport policy over the next decade. More>>

ALSO:

Gordon Campbell: On The Loss Of Abortion Safe Zones

No doubt, last night’s defeat of abortion law reform provisions that would have created safe zones around abortion clinics will be portrayed, by some, as a victory for free speech. It isn’t. It was a victory for bigotry and intimidation directed ... More>>

ALSO:

Gordon Campbell: On National's Regulation Crusade

Lets step back in time now, to simpler days and to simple-minded solutions. So…. if National gets elected, landlords will once again be able to evict tenants at will, raise rents anytime they like, and ignore the need to install a healthy standard of heating in the homes they put out to rent. This promised ‘bonfire of regulations’ is being done in the name of cutting red tape... More>>

ALSO:

SMC - Expert Reaction: PF2050 Strategy

DOC has released a strategy to reach Predator Free 2050, along with an action plan through to 2025. The predator-free goal focuses on three groups of mammals: possums, three species of rats, plus stoats, ferrets and weasels... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels