SCHEDULES
SCHEDULE 9 Exemptions
Part II The Groups
F2Group 2 — Insurance
F11
The provision of insurance or reinsurance in the course of insurance business by—
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;
b
a person who is exempt in respect of effecting or carrying out contracts of insurance by reason of an order under section 38 of that Act (and accordingly may effect or carry out contracts of insurance without contravening the general prohibition);
c
a person who carries on an insurance market activity;
d
a person (not falling within paragraph (a)) who would require permission to effect or carry out—
i
a contract of insurance under which the benefits provided by that person are exclusively or primarily benefits in kind in the event of accident to or breakdown of a vehicle, or
ii
a contract in the course of a Community co-insurance operation,
but for the identity of the person carrying on that activity.
Sch. 9 Pt. 2 Group 2 substituted (19.3.1997 with effect as mentioned in s. 38(2) of the amending Act) by 1997 c. 16, s. 38(1)(2)