New Zealand Gazette – 2015 – No. 3

Page 29

✨ Maritime and Insurance Notices

NEW ZEALAND GAZETTE, No. 3 — 15 JANUARY 2015

Notice of Exemption From Maritime Rule: 44.3

Pursuant to section 47(3) of the Maritime Transport Act 1994, the Director of Maritime New Zealand hereby notifies the granting of the following exemption:

6 from Maritime Rule 44.3 – Surveyor Responsibilities and Survey, Certification, and Maintenance for Ships in Maritime Transport Operations – General – Requirement to hold Certificate of Surveyor Recognition

2015-au212

Notice of Amendment to Solvency Standard for Non-life Insurance Business

This notice is given pursuant to section 236 of the Insurance (Prudential Supervision) Act 2010.

Notice

Title and commencement—(1) This amendment standard* may be cited as the Solvency Standard for Non-life Insurance Business ("Standard") and comes into force on 17 December 2014.

(2) The Standard has the status of a disallowable instrument for the purposes of the Legislation Act 2012 and is amended under section 236 of the Insurance (Prudential Supervision) Act 2010.

Description—The Standard specifies the capital requirements for licensed insurers carrying on non-life insurance business, methods for calculating and reporting solvency and related matters of a licensed insurer, and disclosure of solvency-related information. The amendment makes the standard applicable to licensed insurers carrying on non-life insurance business only if the standard applies to the licensed insurer under a condition of the insurer’s licence.
Availability—The Standard is available for inspection:

a. at the head office of the Reserve Bank of New Zealand, 2 The Terrace, Wellington; and

b. on the Reserve Bank of New Zealand’s website at

http://www.rbnz.govt.nz/regulation_and_supervision/insurers/regulation/5969213.pdf

Dated this 17th day of December 2014.

GRAEME WHEELER, Governor, Reserve Bank of New Zealand.

New Zealand Gazette, 12 April 2012, No. 41, page 1230

2015-au264

Notice of Issue of Solvency Standard for Non-life Insurance Business in Run-off 2014

This notice is given pursuant to section 55 of the Insurance (Prudential Supervision) Act 2010.

Notice

Title and commencement—(1) This standard may be cited as the Solvency Standard for Non-life Insurance Business in Run-off 2014 ("Standard") and comes into force on 1 January 2015.

(2) The Standard has the status of a Disallowable Instrument for the purposes of the Legislation Act 2012 and is issued pursuant to section 55 of the Insurance (Prudential Supervision) Act 2010.

Description—The Standard specifies the capital requirements for licensed insurers in run-off carrying on non-life insurance business, methods for calculating and reporting solvency and related matters of a licensed insurer, and disclosure of solvency-related information.
Availability—The Standard is available for inspection:

a. at the head office of the Reserve Bank of New Zealand, 2 The Terrace, Wellington; and

b. on the Reserve Bank of New Zealand’s website at

http://www.rbnz.govt.nz/regulation_and_supervision/insurers/regulation/5969216.pdf

Gazette.govt.nz — NZ Gazette 2015, No 3

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🚂 Notice of Exemption From Maritime Rule: 44.3

Domain🚂 Transport & Communications
KeywordsExemption, Maritime Rule, Surveyor Responsibilities

💰 Notice of Amendment to Solvency Standard for Non-life Insurance Business

Domain💰 Finance & Revenue
Dated17 December 2014
KeywordsAmendment, Solvency Standard, Non-life Insurance, Capital Requirements
👩‍💼 Officials

GRAEME WHEELER, Governor, Reserve Bank of New Zealand

💰 Notice of Issue of Solvency Standard for Non-life Insurance Business in Run-off 2014

Domain💰 Finance & Revenue
KeywordsSolvency Standard, Non-life Insurance, Run-off, Capital Requirements

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