Financial Law

FSCL Case Study

Extra excess

Chris owned a small furniture business. He purchased a range of business insurance policies through a broker. One of the policies Chris purchased gave him cover for natural disasters. But when the broker sent Chris the insurance do...

Feature

The duty of disclosure - will it be modernised ...

By Nick Frith, senior associate, and Andrew Horne, partner, Minter Ellison Ru...

The Law Commission paper  A little over 20 years ago, the Law Commission published a paper with a title that hinted only vaguely at its contents: “Some Insurance Law Problems”.  It examined five unrelat...

Feature

What’s on the regulatory horizon?

By Jemimah Giblett, solicitor, Maria Collett-Bevan, senior associate, and Kar...

Financial Services Legislation Amendment Bill (FSLAB) The FSLAB remains before the Committee of the Whole House for consideration and is expected to be progressed during the first quarter of 2019. However, it is possible that the...

Live News

Regulators’ warning for general insurers

Report slamming life insurance sector may have wider repercussions.

Regulators that issued a damning report on life insurers in New Zealand are warning that general insurance providers shouldn’t think they are in the clear. The report, by the Financial Markets Authority and Reserve Bank,...

Live News

Licensing costs revealed

It is becoming clearer what it will cost to take out a license to provide financial advice under the new legislative regime. Anyone giving advice under the new rules must work for a licensed financial advice provider. That could be...

FSCL Case Study

When two brokers get it wrong

An insurance broker arranged insurance cover for a couple’s home, including a swimming pool. Insurance premiums were increasing and the client asked the broker if he could find a cheaper policy. He offered the couple an...

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