New Zealand Gazette – 1989 – No. 112

Page 2853

✨ Authorised Life Insurance Companies

30 JUNE NEW ZEALAND GAZETTE 2853

Capital Life Assurance Limited
CIGNA Life Insurance New Zealand Limited
Countrywide Life Limited
CUNA Mutual Insurance Society
Equitable Life and General Insurance Company Limited
FAI Metropolitan Life Assurance Company of N.Z. Limited
Farmers' Mutual Life Limited
Fidelity Life Assurance Company Limited
First Pacific Life Insurances Limited
General Accident Life Assurance Limited
Government Life Insurance Corporation
Greenwich Life Insurance Limited
Guardian Assurance plc
Invincible Life Assurance Limited
Medical Life Assurance Society Limited
National Insurance Lfe Limited
NBNZ Life Insurance Limited
Norwich Union Life Insurance Society
Oceanic Life Limited
Pacific Life Limited
Prudential Assurance Co. Limited
Royal Life (NZ) Limited
SouthSure Assurance Limited
Sovereign Assurance Company Limited
Sun Alliance Life Limited
The Colonial Mutual Life Assurance Society Limited
The National Mutual Life Association of Australasia Limited
The New Zealand Insurance Life Limited
The Prudential Assurance Company New Zealand Limited
The Prudential Assurance Company of Australia & New Zealand Limited

Westpac Life -NZ Limited

Dated at Wellington this 29th day of June 1989.

The Common Seal of the Securities Commission was hereto affixed in the presence of:

[L.S.]

C. I. PATTERSON, Chairman of the Commission.

Explanatory Note

This note is not part of the notice, but is intended to indicate its general effect.

This notice declares each of the life insurance companies named in the Schedule to the notice to be an authorised life insurance company for the purposes of the Securities Act 1978. Section 43 (1) of the Securities Amendment Act 1988 removes, with effect from 1 July 1989, the exemption from Part II of the Securities Act 1978 applying to policies of life and endowment assurance and policies securing annuities. Section 7A of the Securities Act 1978, which comes into force on 1 July 1989, provides that nothing in sections 33 (2), 33 (3), 35, 37, 37A, 39 to 44 and 44A to 54 of that Act applies to an authorised life insurance company. That section authorises the Securities Commission by notice in the Gazette to declare a life insurance company to be an authorised life insurance company. The effect of the notice, which applies to all life insurance policies issued by each company, is that the company will not be required to comply with the prospectus requirements of the Securities Act 1978, the trustee and trust deed requirements, the participation deed and statutory supervisor requirements, the prohibition against door to door selling, the requirement to keep securities registers and accounting records and the requirement to issue securities or certificates of securities.

The notice comes into force on 1 July 1989. The notice expires on 31 December 1990.

PUBLISHED BY AUTHORITY OF DEPARTMENT OF INTERNAL AFFAIRS
V. R. WARD, GOVERNMENT PRINTER, WELLINGTON, NEW ZEALAND.—1989

ISSN 0111-5650 Price $3 (incl. GST)
946533C—89A

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VUW Te Waharoa — NZ Gazette 1989, No 112

NZLII — NZ Gazette 1989, No 112

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✨ LLM interpretation of page content

🏭 Authorised Life Insurance Companies Notice 1989

Domain🏭 Trade, Customs & Industry
Dated29 June 1989
KeywordsLife Insurance, Authorisation, Securities Act 1978
👱🏽 Names

C. I. Patterson, Chairman of the Securities Commission

👩‍💼 Officials

C. I. Patterson, Chairman of the Commission

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