Insurance Contract Law Review – Issues paper consultation
closed
Submissions closed: 13 July 2018, 5pmThe government sought public input on a review of New Zealand’s insurance contract law.
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Summary
Insurance plays an important role in the lives of New Zealanders, helping them cope with unforeseen life events and providing business with greater certainty. A well-functioning insurance system is integral to ensuring insurance continues to serve all New Zealanders.
Effective regulation of insurance contracts is important so that consumers, businesses and insurers can transact with confidence in a fair, efficient and transparent way.
The Minister of Commerce and Consumer Affairs released an issues paper for public consultation.
The issues paper describes the issues that MBIE has heard regarding insurance contract law and conduct in the insurance industry. We are looking for evidence to improve our understanding of these issues and inform our advice to Ministers regarding what should be done about them.
View the issues paper and a summary of issues and key question:
Issues paper: Review of Insurance Contract Law [PDF 1.5MB]