Insurance (Prudential Supervision) Act 2010 (IPSA)
The NZ Act under which all licensed insurers (including life insurers) are prudentially regulated.
Definition
IPSA 2010 (legislation.govt.nz) is the licensing and solvency framework for all NZ-licensed insurers, administered by the RBNZ. Every insurer carrying retail risk in NZ must hold an IPSA licence. IPSA also defines the financial-strength rating disclosure requirements that insurers carry on their websites and policy documents.
See also
- Reserve Bank of New Zealand (RBNZ) — The NZ prudential regulator for life insurers — sets the solvency rules and publishes financial-strength ratings.
- Solvency standard — The minimum capital ratio NZ-licensed life insurers must maintain under RBNZ rules.
Not personalised financial advice. Definitions are editorial framings of how the term is used across NZ life cover. Your specific policy wording is the authoritative source.