Christchurch Central MP Duncan Webb introduces a Member's Bill to modernize insurance law, making it fairer and more transparent for consumers.
Christchurch Central MP Duncan Webb introduces a Member's Bill to modernise insurance law, making it fairer and more transparent for consumers. Key changes include requiring clear, fair contract terms, ensuring honest mistakes don't leave policyholders without cover, and introducing penalties for insurers not acting in good faith, such as delayed claims. Consumers will also be expected to take reasonable care and understand their insurance policies.
March 21, 2024
4 Articles