Supplementary Order Paper No 227

No 227

House of Representatives

Supplementary Order Paper

Wednesday, 8 May 2019

Canterbury Earthquakes Insurance Tribunal Bill

Proposed amendments

Stuart Smith, in Committee, to move the following amendments:

Clause 11

In clause 11(3)(b), replace “.” (page 9, line 12) with “; or”.

In clause 11(3), after paragraph (b) (page 9, after line 12), insert:

(c)

at least 1 insurer or the EQC remains and at least 1 third party respondent remains as a respondent.

Explanatory note

This Supplementary Order Paper amends clause 11 of the Canterbury Earthquakes Insurance Tribunal Bill. Currently, once settlement is reached between the EQC or an insurer and the policy holder, the insurers or EQC will need to reapply in the High Court if they wish to pursue a claim against a third party that had been involved in proceedings. This SOP will allow insurers and EQC to continue claims against third parties via the Tribunal to avoid the slow and costly process of going through the High Court.