Insurance Solvency Standards




NEW ZEALAND GAZETTE, No. 3 — 15 JANUARY 2015

Dated this 17th day of December 2014.

GRAEME WHEELER, Governor, Reserve Bank of New Zealand.

2015-au260

Notice of Issue of Solvency Standard for New Zealand Local Government Insurance Corporation Limited 2014

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

Notice

  1. Title and commencement—(1) This standard may be cited as the Solvency Standard for New Zealand Local Government Insurance Corporation Limited 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.

  1. Description—The Standard specifies the capital requirements for the New Zealand Local Government Insurance Corporation Limited (Civic Assurance), methods for calculating and reporting solvency and related matters of Civic Assurance, and disclosure of solvency-related information.

  2. 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/5969199.pdf

Dated this 17th day of December 2014.

GRAEME WHEELER, Governor, Reserve Bank of New Zealand.

2015-au263

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

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

Notice

  1. Title and commencement—(1) This standard may be cited as the Solvency Standard for Non-life Insurance Business 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.

  1. 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.

  2. 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/5969218.pdf

Dated this 17th day of December 2014.

GRAEME WHEELER, Governor, Reserve Bank of New Zealand.

2015-au261

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

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



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Online Sources for this page:

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





✨ LLM interpretation of page content

💰 Notice of Issue of Solvency Standard for New Zealand Local Government Insurance Corporation Limited 2014

💰 Finance & Revenue
17 December 2014
Solvency Standard, Local Government Insurance, Capital Requirements, Civic Assurance
  • GRAEME WHEELER, Governor, Reserve Bank of New Zealand

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

💰 Finance & Revenue
17 December 2014
Solvency Standard, Non-life Insurance, Capital Requirements, Licensed Insurers
  • GRAEME WHEELER, Governor, Reserve Bank of New Zealand

💰 Notice of Amendment to Solvency Standard for Non-life Insurance Business in Run-off (continued from previous page)

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