PART IU.K. CONTRACTS OF GENERAL INSURANCE
AccidentU.K.
1. 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 M1 (or, in Scotland, section 86(1) of the Local Government (Scotland) Act 1973 M2), 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 a 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,
including contracts relating to industrial injury and occupational disease but excluding contracts falling within paragraph 2 of Part I of, or paragraph IV of Part II of, this Schedule.
Marginal Citations
M1S.I. 1999/2725, amended by S.I. 2000/1797.
M21972 c. 70. Section 140 was amended by the Local Government (Miscellaneous Provisions) Act 1982 (c. 30), s. 39(1) and Sch. 7, Part XVI; by the Insurance Companies Act 1982 (c. 50), Sch. 5, para. 13; and by the London Regional Transport Act 1984 (c. 32), Sch. 7. Section 140A was inserted by s. 39(2) of the Local Government (Miscellaneous Provisions) Act 1982 (c. 30), and amended by the Planning (Consequential Provisions) Act 1990 (c. 10), Sch. 2, para. 28, and by the Environment Act 1995 (c. 25), Sch. 24. Section 140B was inserted by s. 39(2) of the Local Government (Miscellaneous Provisions) Act 1982, and amended by the Local Government Act 1985 (c. 51), Sch. 17, and by the Local Government (Wales) Act 1994 (c. 19), Sch. 15, para. 31.
SicknessU.K.
2. Contracts of insurance providing fixed pecuniary benefits or benefits in the nature of indemnity (or a combination of both) against risks of loss to the persons insured attributable to sickness or infirmity but excluding contracts falling within paragraph IV of Part II of this Schedule.
Land vehiclesU.K.
3. Contracts of insurance against loss of or damage to vehicles used on land, including motor vehicles but excluding railway rolling stock.
Railway rolling stockU.K.
4. Contract of insurance against loss of or damage to railway rolling stock.
AircraftU.K.
5. Contracts of insurance upon aircraft or upon the machinery, tackle, furniture or equipment of aircraft.
ShipsU.K.
6. Contracts of insurance upon vessels used on the sea or on inland water, or upon the machinery, tackle, furniture or equipment of such vessels.
Goods in transitU.K.
7. Contracts of insurance against loss of or damage to merchandise, baggage and all other goods in transit, irrespective of the form of transport.
Fire and natural forcesU.K.
8. Contracts of insurance against loss of or damage to property (other than property to which paragraphs 3 to 7 relate) due to fire, explosion, storm, natural forces other than storm, nuclear energy or land subsidence.
Damage to propertyU.K.
9. Contracts of insurance against loss of or damage to property (other than property to which paragraphs 3 to 7 relate) due to hail or frost or any other event (such as theft) other than those mentioned in paragraph 8.
Motor vehicle liabilityU.K.
10. 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.
Aircraft liabilityU.K.
11. Contracts of insurance against damage arising out of or in connection with the use of aircraft, including third-party risks and carrier’s liability.
Liability of shipsU.K.
12. 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.
General liabilityU.K.
13. Contracts of insurance against risks of the persons insured incurring liabilities to third parties, the risks in question not being risks to which paragraph 10, 11 or 12 relates.
CreditU.K.
14. 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.
SuretyshipU.K.
15.—(1) Contracts of insurance against the risks of loss to the persons insured arising from their having to perform contracts of guarantee entered into by them.
(2) Fidelity bonds, performance bonds, administration bonds, bail bonds or customs bonds or similar contracts of guarantee, where these are—
(a)effected or carried out by a person not carrying on a banking business;
(b)not effected merely incidentally to some other business carried on by the person effecting them; and
(c)effected in return for the payment of one or more premiums.
Miscellaneous financial lossU.K.
16. 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 (other than loss such as is covered by contracts falling within paragraph 18);
(c)risks which do not fall within sub-paragraph (a) or (b) and which are not of a kind such that contracts of insurance against them fall within any other provision of this Schedule.
Legal expensesU.K.
17. Contracts of insurance against risks of loss to the persons insured attributable to their incurring legal expenses (including costs of litigation).
AssistanceU.K.
18. Contracts of insurance providing either or both of the following benefits, namely—
(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
(b)assistance (whether in cash or in kind) for persons who get into difficulties otherwise than as mentioned in sub-paragraph (a).