Solvency Standard Notices




NEW ZEALAND GAZETTE, No. 3 — 15 JANUARY 2015


2015-au262

Notice of Issue of Solvency Standard for Captive Insurers Transacting 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 Captive Insurers Transacting 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 captive insurers carrying on non-life insurance business, methods for calculating and reporting solvency and related matters of a licensed captive 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/5969200.pdf

Dated this 17th day of December 2014.

GRAEME WHEELER, Governor, Reserve Bank of New Zealand.


2015-au258

Notice of Issue of Solvency Standard for 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 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 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/5969217.pdf

Dated this 17th day of December 2014.

GRAEME WHEELER, Governor, Reserve Bank of New Zealand.


2015-au259

Notice of Revocation of Solvency Standard for Non-life Insurance Business – AMI Insurance

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

Notice

The Solvency Standard for Non-life Insurance Business – AMI Insurance* issued in September 2011 is revoked from

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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 Captive Insurers Transacting Non-life Insurance Business 2014

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

💰 Notice of Issue of Solvency Standard for Life Insurance Business 2014

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

💰 Notice of Revocation of Solvency Standard for Non-life Insurance Business – AMI Insurance

💰 Finance & Revenue
Solvency Standard, Revocation, Non-life Insurance, AMI Insurance