Insurance Law Reform Act 1977
Act of Parliament in New Zealand
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.
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.
Section 8 prohibits any compulsory arbitration clause in an insurance contract.
External links
"Insurance Law Reform Act". New Zealand Legislation. 1977.
“Insurance Law Reform Act 1977” enters the record as act of Parliament in New Zealand. Crown Archives preserves that source wording while asking what Insurance, Reform and Parliament can confirm, complicate or overturn.
Why this record matters
“Insurance Law Reform Act 1977” is worth following because a concise public description often conceals a longer documentary argument. Here, Insurance, Reform and Parliament provides the most credible route into that argument.
Chronology, provenance and viewpoint should be read together before a broad social or political interpretation is accepted. The source revision retrieved here is dated Nov 20, 2024. The linked authority identifier is Q17032697. None of the 0 selected statements returned an explicit reference. The first chronological checks are 1977.
Later summaries often reconcile disputed chronology or motive more neatly than the contemporary record permits. The lead is largely declarative, so disagreement and counter-evidence require a deliberate search beyond the opening account. Authority statements aid reconciliation but still require their own references, qualifiers and ranks to be checked.
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This entry incorporates text from “Insurance Law Reform Act 1977” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.