Election 2014 - Party Policies - Insurance
25th Jul 14, 4:47pm
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Insurance
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- A Labour government will set up a KiwiBank-style insurance company to provide a local alternative in an industry dominated by foreign-owned businesses.
- Subject to a business case, KiwiAssure will be a sister company of KiwiBank and will evolve out of the existing Kiwi Insurance Limited. It will offer home, contents and vehicle insurance, along with cover for small business plant and equipment.
- With 90 per cent of the insurance sector owned by overseas interests, a Labour government will ensure Kiwis can choose to keep profits from this crucial industry in New Zealand. (more here)
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