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The Cyclopedia of New Zealand [Otago & Southland Provincial Districts]

[prefatory note]

Insurance, in its various forms, is adequately provided for in Dunedin, as in the other large towns of New Zealand. Foreign and colonial institutions are represented, but the foreign companies are required to invest with the New Zealand Government securities sufficient to guarantee the responsibilities which they undertake within the colony. A uniform rate prevails among the fire insurance offices, but as with the various tables and methods of life insurance, the conditions differ, so do the rates. Consequently business in this branch of insurance is very keenly competed for. The Dunedin offices of some of the insurance companies are, architecturally, features of the city; in this respect they vie with the banks, and in some instances surpass them in stateliness and magnificence. The offices of the Government Life Insurance, the Australian Mutual Provident, and the Standard Insurance Company are superb examples of massive and ornate architecture.