SCHEDULES

SCHEDULE 1 COMPENSATION PAYMENTS

PART I EXEMPTED PAYMENTS

5

F11

Any payment made to the injured person by anF1 insurer under the terms of any contract of insurance entered into between the injured person andF1 the insurer before—

a

the date on which the injured person first claims a listed benefit in consequence of the disease in question, or

b

the occurrence of the accident or injury in question.

F12

“Insurer” means—

a

a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance; or

b

an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of insurance.

3

Sub-paragraph (2) must be read with—

a

section 22 of the Financial Services and Markets Act 2000;

b

any relevant order under that section; and

c

Schedule 2 to that Act.