Insurance (Prudential Supervision) Act 2010

If you need more information about this Act, please contact the administering agency: Reserve Bank of New Zealand


5 Overview


In this Act,—


this Part deals with preliminary matters, including purposes, principles, interpretation, the Bank’s functions under this Act, and the application of this Act to the Crown:


Part 2 contains provisions relating to the licensing and prudential regulation of insurers:


Part 3 contains provisions relating to the prudential supervision of insurers:


Part 4 contains provisions relating to distress management, including provisions relating to recovery plans, directions, liquidation or voluntary administration of insurers, and statutory management:


Part 5 contains miscellaneous provisions, including provisions relating to Lloyd’s, offences, banning orders, regulations, consequential amendments, and transitional arrangements.


This section is only a guide to the general scheme and effect of this Act.