When you look at the law about insurance businesses in New Zealand, you will see some changes to section 8. You need to know what section 8 says about carrying on insurance business in New Zealand. The law says some new things will be added to section 8.
You can find the original section 8 at the New Zealand legislation website. The changes include adding the Bank or a subsidiary of the Bank to the list of things that are considered carrying on insurance business. The law also adds the Crown to the list of entities that can carry on insurance business.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS507795.
After section 8(2)(a), insert:
- the Bank or a subsidiary of the Bank; or
In section 8(2)(b), before an entity
, insert the Crown, or.
