✨ 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
- 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.
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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.
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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 athttp://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
- 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.
-
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.
-
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 athttp://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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💰 Notice of Issue of Solvency Standard for Captive Insurers Transacting Non-life Insurance Business 2014
💰 Finance & Revenue17 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 & Revenue17 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 & RevenueSolvency Standard, Revocation, Non-life Insurance, AMI Insurance
NZ Gazette 2015, No 3