Insurance Law Reform Act 1977
The ‘’’Insurance Law Reform Act [1977]’’' was the first of several such named Acts that regulated certain aspects of the Insurance industry in New Zealand. Section 4 and 5 prohibits any insurance claim declined due to any misstatement by the applicant that was not substantially incorrect as well as being not immaterial as well Section 7 prohibits any life policy being declined solely due to any misstatement of age, and where such instances occur, requires the insurance company to readjust the policy as if the correct age had been given.
primaryTopic
Insurance Law Reform Act 1977
The ‘’’Insurance Law Reform Act [1977]’’' was the first of several such named Acts that regulated certain aspects of the Insurance industry in New Zealand. Section 4 and 5 prohibits any insurance claim declined due to any misstatement by the applicant that was not substantially incorrect as well as being not immaterial as well Section 7 prohibits any life policy being declined solely due to any misstatement of age, and where such instances occur, requires the insurance company to readjust the policy as if the correct age had been given.
has abstract
The ‘’’Insurance Law Reform Ac ...... ause in an insurance contract.
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Link from a Wikipage to an external page
Wikipage page ID
39,342,766
Wikipage revision ID
686,440,251
commencement
1977-07-29
date passed
1977-07-29
short title
Insurance Law Reform Act [1977]
comment
The ‘’’Insurance Law Reform Ac ...... he correct age had been given.
@en
label
Insurance Law Reform Act 1977
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