Looking for compliance support?
Partners Life ten year review, and more daily news

Legal and regulatory update for the life and health insurance sector

9 June 2021 – Privacy News from the Office of the Privacy Commissioner referred to a consultation released by the Department of Internal Affairs on 19 April 2021, with submissions closing on 11 June 2021, on a proposed Death Approved Information Sharing Agreement designed to make things a little easier for families when someone dies. This sets out the legal basis that makes it simpler to safely share personal death information that the Department of Internal Affairs holds on behalf of New Zealanders. This development would be very helpful for insurers who wish to monitor for the death of a life assured. That could help meet conduct obligations associated with offering a product that operates around the end of a life. Also, looking ahead, it could even enable automating the claim approval process. More information:  https://www.dia.govt.nz/proposal-to-share-death-information

9 June 2021 - The Commission for Financial Capability released a report and recommendations following public consultation on a discussion paper studying the effects of the complex legal framework governing the retirement village sector. https://cffc.govt.nz/news-and-media/news/urgent-review-recommended-for-retirement-village-legal-framework/

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.