tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Sunday, November 3rd, 1:12PM

Insurance

rss
Latest Headlines

Insurance guidelines to be reviewed

The Human Rights Commission says it is reviewing its guideline on how the insurance industry complies with the Human Rights Act.

Wednesday, May 31st 2006, 8:55PM

The guidelines were initially published in 1997 to assist insurers to comply with the anti-discrimination provisions of the act.

Under the act it is unlawful for anyone to be refused insurance. This has the effect of preventing life insurance companies from refusing to provide cover on risks they may consider uninsurable.

It says the review is now timely. “A draft discussion paper is in development and will be available for public comment at the end of June. Members of the public are invited to provide information about the experiences they’ve had in seeking insurance.”

The commission says it will work with the insurance industry during the review and will respond to issues raised in the discussion paper.

Key issues will include:

  • The difference between lawful and unlawful discrimination;
  • What is meant by reasonable statistical or actuarial data, advice or opinion;
  • What medical advice or opinion justifies different terms and conditions;
  • When exclusions or pre-existing conditions amount to refusal to insure;
  • Insuring mental disability;
  • Options for addressing potential genetic discrimination including the implications of a human rights approach to the development of policy and legislation.

A new set of guidelines will be drafted following the completion of consultation on the draft discussion document.

« Waistlines will fatten premiumsTax on life insurance next »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Insurance Briefs

nib launches tool to support women through menopause
nib has launched a new health management programme designed to support women as they navigate the stages of perimenopause and menopause.

Employees are wanting health and life insurance
A new survey shows potential employees what life and health insurance benefits, but less than a third of employers plan to offer such benefits.

Chubb Life makes changes to trauma benefit
Chubb Life has made a series of enhancements to its Assurance Extra and Assurance Extra Business policies, including the addition of a new Continuous Trauma Benefit,

Resolution Life gets new president
Global life insurance group Resolution Life has appointed Moses Ojeisekhoba as its new President.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com
x