Legal and regulatory update for the life and health insurance sector

2 Aug 2023 - APRA has released for consultation its proposed amendments to three private health insurance (PHI) reporting standards, following amendments to PHI legislation. https://www.apra.gov.au/news-and-publications/apra-consults-on-amendments-to-private-health-insurance-reporting-standards

3 Aug 2023 - Medicines (Exemption for Authorised Prescribers) Amendment Bill was introduced at Parliament https://bills.parliament.nz/v/6/ece4ff52-30c7-4c5a-1874-08db93c62d99?Tab=history

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Changes to IFSO terms mean more consumers will be able to access free dispute resolution

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Partners Life product and premium changes – August 2023