Notice Type
Departmental
Notice Title

Exemption From Name Restriction

Pursuant to section 22E of the Insurance Companies’ Deposits Act 1953, and acting under delegated authority
of the Chief Executive of the Ministry of Economic Development, I hereby give notification that Stuart Patterson is exempt from the restriction in section 22C of the Insurance Companies’ Deposits Act 1953 on the use
of the word "Insurer" in the company name Pattersons Insurerbuild Limited.
I am satisfied in terms of section 22E of the Insurance Companies’ Deposits Act 1953 that Stuart Patterson will not be carrying on specified insurance business in New Zealand.
I am further satisfied that Stuart Patterson has a legitimate reason to use the word "Insurer" for the following reasons:
- It is necessary for Stuart Patterson to use the word "Insurer" to accurately convey the nature of the business.
- There will be no public confusion from the use of the word "Insurer" in the company name.
Dated at Wellington this 25th day of February 2010.
GAVIN ROBERT QUIGAN, Manager, Insurance and Superannuation Unit, Ministry of Economic Development.