Life Insurance Amendment Act 2005

Life Insurance Amendment Act 2005

Public Act2005 No 14
Date of assent24 March 2005

The Parliament of New Zealand enacts as follows:

1 Title
2 Commencement
  • This Act comes into force on 26 April 2005.

3 Application
  • The amendments to the principal Act in section 4 apply only in respect of persons who die on or after the commencement of this Act.

4 Reversion or vesting of policies assigned to husband or wife
  • (1) Section 2 of the principal Act is amended by omitting from the heading the words or wife, and substituting the words , wife, civil union partner, de facto partner.

    (2) - Section 2(1) of the principal Act is amended by omitting the words policyholder, being a man, has assigned a policy on his own life to his wife, or, being a woman, has assigned a policy on her own life to her husband, and such wife or husband and substituting the words policyholder has assigned a policy on his or her own life to his or her wife or husband, civil union partner, or de facto partner and that wife or husband, civil union partner, or de facto partner.

    (3) Section 2(1) of the principal Act is amended by inserting, after the words husband or wife,, the words civil union partner, or de facto partner,.

    (4) Section 2(2) of the principal Act is amended by omitting the words policyholder, being a man, has assigned a policy on his own life to his wife, or, being a woman, has assigned a policy on her own life to her husband, and such wife or husband and substituting the words policyholder has assigned a policy on his or her life to his or her wife or husband, civil union partner, or de facto partner, and that wife or husband, civil union partner, or de facto partner.


Legislative history

10 March 2005Divided from Relationships (Statutory References) Bill (Bill 151-2) as Bill 151-3K
15 March 2005Third reading