This Act is administered in the Department of Justice.
Title
1 Short Title
2 Interpretation
3 Act to bind the Crown
Payments to insurance intermediaries
4 Payment by insured to intermediary to be discharge of insured's liability to insurer
5 Payment by insurer to intermediary not to be discharge of insurer's liability to insured
6 Prohibition on contracting-out
7 Contracts governed by foreign law
Duties of brokers in relation to premiums
8 Duties of broker in relation to premiums
9 Payment by broker to another insurance intermediary may constitute payment to insurer
10 Duty to notify insurer if premium not paid
11 Notification by broker to another insurance intermediary may constitute notice to insurer
12 Lloyd's brokers
Duties of brokers in relation to payments due to insured
13 Duties of broker in relation to payments due to insured
Insurance broking client accounts
14 Broker to operate insurance broking client account
15 Investment of broking money
16 Broking money not capable of being attached, etc
Distribution of insurance broking client account money on insolvency
17 Distribution of insurance broking client account money on insolvency
Miscellaneous provisions
18 Regulations
19 Act not to apply to contracts of reinsurance
20 Application of section 10 of Insurance Law Reform Act 1977
An Act to effect certain reforms in the law governing insurance intermediaries
BE IT ENACTED by the Parliament of New Zealand as follows: