New Zealand Legislation: Acts
Acts are laws made by Parliament
Reprint as at 3 December 2007
| Public Act | 1994 No 41 |
| Date of assent | 1 July 1994 |
| Commencement | 1 July 1994 |
Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.
A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.
This Act is administered by the Ministry of Justice.
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
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
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
