Western Pacific Insurance Ltd commenced business in April 2005 and is registered as a New Zealand Insurance Company. As such, it is subject to the New Zealand system of financial supervision for general insurer’s in New Zealand.

In addition to lodging annual audited financial results with the New Zealand Department of Inland Revenue, Western Pacific Insurance is required – by virtue of Section 16 (1) Second Schedule of the Insurance Company’s Deposit Act 1953, to lodge annual audited financial accounts with the New Zealand Department of Economic Development.

In accordance with the provisions of the Insurance Company’s Deposit Act 1953, Western Pacific Insurance has lodged a deposit with the Public Trustee in New Zealand as security for policy holders, which sum Insurance, is available to settle contracts of insurance along with all other normal recovery avenues against the company.