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Income Tax Act 2007

Timing and quantifying rules - Life insurance rules

EY 9: Meaning of life insurance policy

You could also call this:

“What a life insurance policy means and covers”

A life insurance policy is a document that tells you about the life insurance you have. It explains when and how your life is insured. The policy only counts as a life insurance policy for the parts that talk about your life insurance coverage. You can think of it as a special agreement between you and the insurance company that says how they will protect you and your family if something happens to you.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1515790.

Topics:
Money and consumer rights > Banking and loans
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EY 8: Meaning of life insurance, or

“Explanation of what counts as life insurance for tax purposes”

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EY 10: Meaning of life insurer, or

“Definition of who is considered a life insurer under tax law”

Part E Timing and quantifying rules
Life insurance rules

EY 9Meaning of life insurance policy

  1. Life insurance policy means a policy to the extent to which it states the terms under which life insurance is covered.

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