A new national fire service is looking more likely, but how it will be funded is still being nutted out – and industry representatives are giving their input.
A rapidly changing industry has prompted a shift in membership for this Kiwi broker body which is responding in several ways.
General insurance brokers are concerned that they will pay the penalty for commission abuses mainly associated with the life sector if a suggested outright ban comes into play.
The potentially inflammatory issue of whether retrospective fire levy payments will be sought has finally been clarified by the NZ Fire Service Commission.
An industry body says the Fire Service Review is set to fail and is rallying members to send in their submissions.
Concerns are growing in some industry quarters with no assurance from NZFS on whether they will stand by their earlier assertion regarding fire levy back payments.
While the Supreme Court’s decision has gone against brokers, industry bodies say they can still use it to lobby against fire levies.
Pressure is mounting to remove the fire levy from insurance premiums, which coincides with the Minister widening the scope of the review into the Fire Service.
Huge broker interest has prompted the Underwriting Agencies Council to break new ground in New Zealand with its inaugural expo.
Brokers need to check their clients will still be covered following changes in the Sentencing Amendment Act which comes into force tomorrow.