Story: Insurance

‘Reserves exceed £1,000,000’

‘Reserves exceed £1,000,000’

Insurers need to be able to pay out in full on all legitimate claims. Regulations are designed to guarantee that they meet those commitments. This 1930s leaflet from the British Dominions General Insurance Company boasts that the firm holds more than £1 million in reserve to meet claims.

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Alexander Turnbull Library
Reference: Eph-A-INSURANCE-1920-01-1

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

Alan Henderson, 'Insurance - Government regulation and control', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/ephemera/24101/reserves-exceed-ps1000000 (accessed 7 December 2019)

Story by Alan Henderson, published 11 Mar 2010