New Zealand Insurance law and Policy Holders New Zealand insurance law requires that policyholders must disclose all material facts to insurers; a failure to do so will allow the insurer to avoid the contract and to refuse all claims under it.
It is widely agreed that there are problems with this law. The Ministry of Business Innovation and Employment (MBIE) are currently seeking submissions on options for law reform.
New Zealand Insurance law and Policy Holders Required:
Write a letter to MBIE in which you:
Ï Identify two problems with the current law that policyholders must disclose all material facts to insurers.
Ï Provide specific recommendations for law reform and explain how these will address the problems that you have identified.
Any recommendation is valid provided it is justified with clearly articulated and logically argued reasoning.
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