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Modeling New Zealand EQC

The New Zealand EQC provides seismic disaster insurance to residential property owners. All property owners who buy fire insurance from private insurance companies automatically acquire EQCover, the Commission’s seismic disaster insurance cover. EQCover premiums are added to the cost of the fire insurance and passed on to EQC by the insurance company. EQC has approximately $3.89 billion in the Natural Disaster Fund as of June, 2001.

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For more information on this document, please e-mail us at eqecat@absconsulting.com.