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Tuesday, 27 August 2013

Insurance (Prudential Supervision) Amendment Bill

Part 1 Amendments to Insurance (Prudential Supervision) Act 2010
HansardID: b7f813d6-5bcd-4854-869b-c267280e8d2b
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πŸ“œ Official Hansard transcript
← Urgency Insurance (Prudential Supervision) Amendment Bill, Reserve Bank of New Zealand Amendment Bill β†’
πŸ—£οΈ Speech Hon David Parker (New Zealand Labour Party β€” List Member)
Time unknown

Thank you for the call on Part 1 of the Insurance (Prudential Supervision) Amendment Bill. I have one question for the Minister of Finance, and that is to ascertain whether when assessing whether these regulations were necessary, consideration was given to the trade-off between greater satisfaction with prudential margins and the cost of insurance. That is an issue that I raised in an earlier contribution, and I have not yet had a reply from the Minister.

Part 1 agreed to.

Part 2 agreed to.

Clause 1 agreed to.

Clause 2 agreed to.

The Committee divided the bill into the Insurance (Prudential Supervision) Amendment Bill and the Reserve Bank of New Zealand Amendment Bill, pursuant to Supplementary Order Paper 333.

Bill reported without amendment.

Report adopted.

πŸ—£οΈ Spoke in this debate (1)