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Fire and Emergency New Zealand Act 2017

Levy - Levy on insured property - Policyholder to pay insurer

91: FENZ may release insurer from liability

You could also call this:

"FENZ can choose to let an insurer off paying a levy they owe"

Illustration for Fire and Emergency New Zealand Act 2017

You can think of FENZ as a group that helps with fires and emergencies. If FENZ thinks an insurer cannot get back money they are owed under section 89, FENZ can let the insurer off paying a levy they owe. This means the insurer does not have to pay the levy or any interest on it. You can think that FENZ can choose to let the insurer off all or part of the levy. FENZ can also say the insurer only gets let off if they meet certain conditions. This is decided by FENZ and they can choose the conditions they think are right.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6888341.

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Topics:
Money and consumer rights > InsuranceEmergency services > Fire services
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Part 3Levy
Levy on insured property: Policyholder to pay insurer

91FENZ may release insurer from liability

  1. If FENZ considers that an amount payable to the insurer under section 89 is irrecoverable by the insurer, FENZ may release an insurer from liability for the unpaid levy, and any interest payable on the unpaid levy, to which the amount relates.

  2. A release under subsection (1) may be—

  3. in respect of all or part of the unpaid levy or interest to which the amount payable under section 89 relates:
    1. subject to any conditions that FENZ thinks fit.

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