Legal and regulatory update for the life and health insurance sector

Written By Kelly O

10 May 2023 - The New Zealand Office of the Privacy Commissioner (OPC) and the Office of the Australian Information Commissioner (OAIC) have commenced a joint privacy investigation into the 12 March Latitude Financial data breach https://privacy.org.nz/publications/statements-media-releases/new-zealand-australia-investigation-into-latitude-breach-begins/

11 May 2023 - Accident Compensation (Access Reporting and Other Matters) Amendment Bill underwent second reading and has gone to Committee of Whole House https://bills.parliament.nz/v/6/16c6f439-8524-4e9e-8fd9-cfac36444cb5?Tab=history

12 May 2023 - ASIC commences civil proceedings against HCF Life for alleged unfair and misleading 'pre-existing condition' term in insurance contracts https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-123mr-asic-sues-hcf-life-for-alleged-unfair-and-misleading-contract-terms-in-insurance/

Kelly O
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