Part IU.K. Classes
| Number | Description | Nature of business |
|---|---|---|
| 1 | Accident. | Effecting and carrying out contracts of insurance providing fixed pecuniary benefits or benefits in the nature of indemnity (or a combination of both) against risks of the person insured or, in the case of a contract made by virtue of section 140, 140A or 140B of the Local Government Act 1972 [F1or section 2 of the Police (Insurance of Voluntary Assistants) Act 1997], a person for whose benefit the contract is made— |
| (a) sustaining injury as the result of an accident or of an accident of a specified class, or | ||
| (b)dying as the result of an accident or of an accident of a specified class, or | ||
| (c)becoming incapacitated in consequence of disease or of disease of a specified class, | ||
| inclusive of contracts relating to industrial injury and occupational disease but exclusive of contracts falling within class 2 below or within class IV in Schedule 1 to this Act (permanent health). | ||
| 2 | Sickness. | Effecting and carrying out contracts of insurance providing fixed pecuniary benefits or benefits in the nature of indemnity (or a combination of the two) against risks of loss to the persons insured attributable to sickness or infirmity, but exclusiove of contracts falling within class IV in Schedule 1 to this Act. |
| 3 | Land vehicles. | Effecting and carrying out contracts of insurance against loss of or damage to vehicles used on land, including motor vehicles but excluding railway rolling stock. |
| 4 | Railway rolling stock. | Effecting and carrying out contracts of insurance against loss of or damage to railway rolling stock. |
| 5 | Aircraft. | Effecting and carrying out contracts of insurance upon aircraft or upon the machinery, tackle, furniture or equipment of aircraft. |
| 6 | Ships. | Effecting and carrying out contracts of insurance upon vessels used on the sea or on inland water, or upon the machinery, tackle, furniture or equipment of such vessels. |
| 7 | Goods in transit. | Effecting and carrying out contracts of insurance against loss of or damage to merchandise, baggage and all other goods in transit, irrespective of the form of transport. |
| 8 | Fire and natural forces. | Effecting and carrying out contracts of insurance against loss of or damage to property (other than property to which classes 3 to 7 above relate) due to fire, explosion, storm, natural forces other than storm, nuclear energy or land subsidence. |
| 9 | Damage to property. | Effecting and carrying out contracts of insurance against loss of or damage to property (other than property to which classes 3 to 7 above relate) due to hail or frost or to any event (such as theft) other than those mentioned in class 8 above. |
| 10 | Motor vehicle liability. | Effecting and carrying out contracts of insurance against damage arising out of or in connection with the use of motor vehicles on land, including third-party risks and carrier’s liability. |
| 11 | Aircraft liability. | Effecting and carrying out contracts of insurance against damage arising out of or in connection with the use of aircraft, including third-party risks and carrier’s liability. |
| 12 | Liability for ships. | Effecting and carrying out contracts of insurance against damage arising out of or in connection with the use of vessels on the sea or on inland water, including third-party risks and carrier’s liability. |
| 13 | General liability. | Effecting and carrying out contracts of insurance against risks of the persons insured incurring liabilities to third parties, the risks in question not being risks to which class 10, 11 or 12 above relates. |
| 14 | Credit. | Effecting and carrying out contracts of insurance against risks of loss to the persons insured arising from the insolvency of debtors of theirs or from the failure (otherwise than through insolvency) of debtors of theirs to pay their debts when due. |
| 15 | Suretyship. | Effecting and carrying out— |
| (a) contracts of insurance against risks of loss to the persons insured arising from their having to perform contracts of guarantee entered into by them; | ||
| (b) contracts for fidelity bonds, performance bonds, administration bonds, bail bonds or customs bonds or similar contracts of guarantee. | ||
| 16 | Miscellaneous financial loss. | Effecting and carrying out contracts of insurance against any of the following risks, namely— |
| (a) risks of loss to the persons insured attributable to interruptions of the carrying on of business carried on by them or to reduction of the scope of business so carried on; | ||
| (b) risks of loss to the persons insured attributable to their incurring unforeseen expense [F2(other than loss such as is covered by contracts falling within class 18 below)]; | ||
| (c) risks neither falling within paragraph (a) or (b) above nor being of a kind such that the carrying on of the business of effecting and carrying out contracts of insurance against them constitutes the carrying on of insurance business of some other class. | ||
| 17 | Legal expenses. | Effecting and carrying out contracts of insurance against risks of loss to the persons insured attributable to their incurring legal expenses (including costs of litigation). |
| [F318] | [F3Assistance] | [F3Effecting and carrying out contracts of insurance providing either or both of the following benefits, namely—] |
| [F3(a) assistance (whether in cash or in kind) for persons who get into difficulties while travelling, while away from home or while away from their permanent residence, or] | ||
| [F3(b) assistance (whether in cash or in kind) for persons who get into difficulties otherwise than as mentioned in paragraph (a) above.] |
Textual Amendments
F1Words in Sch. 2 Pt. I inserted (E.W.) (21.3.1997) by 1997 c. 45, s. 3
F2Words added by S.I. 1987/2130, reg. 2(b)(i)
F3Class 18 added by S.I. 1987/2130, reg. 2(b)(ii)