Hon Bill English
Government Bill
80—2
As reported from the Finance and Expenditure Committee
Commentary
Key
1 Title
2 Commencement
3 Principal Act
Part 1Amendments to Insurance (Prudential Supervision) Act 2010
4 Section 21 amended (Conditions of licence)
5 Section 25 amended (Bank must notify applicant of decision and give notice on its Internet site)
6 Section 30 amended (Cancellation of licence)
7 New section 54A and cross-heading inserted
Register
54A Register
8 Section 58 repealed (Incorporation by reference)
9 Section 60 amended (Licensed insurer must have current financial strength rating)
10 Section 64 amended (Disclosure of current rating to policyholder)
11 Section 81 amended (Financial statements must be given to Bank)
12 New section 217A inserted (Time for filing charging document)
217A Time for filing charging document
13 Section 232 amended (General provisions relating to declarations and exemptions)
14 Section 237 amended (Regulations)
15 New section 238A and cross-heading inserted
Incorporation by reference
238A Incorporation by reference
16 Section 246 amended (Duration of provisional licence)
17 Schedule 1 amended
Part 2Amendments to Reserve Bank of New Zealand Act 1989
18 Principal Act
19 Section 69 amended (Register)
20 Section 173 amended (Regulations)
Legislative history
The Parliament of New Zealand enacts as follows: