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The Insurance Distribution (Regulated Activities and Miscellaneous Amendments) Order 2018
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Changes over time for: Section 5
Version Superseded: 29/08/2023
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- 01/10/2018- Amendment
- 01/10/2018
Point in time - 29/08/2023- Amendment
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Point in time view as at 01/10/2018.
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There are currently no known outstanding effects for the The Insurance Distribution (Regulated Activities and Miscellaneous Amendments) Order 2018, Section 5.
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5. After article 33A (introducing to authorised persons etc.)(1) insert—U.K.
“Provision of information – contracts of insurance
33B.—(1) There is excluded from article 25(1) and (2) (arranging deals in investments) the making of arrangements for, or with a view to, a transaction for the sale or purchase of a contract of insurance, where that activity meets the conditions specified in paragraphs (2) and (3).
(2) The conditions specified in this paragraph are that the activity—
(a)consists of the provision of information about a potential policyholder to a relevant insurer or an insurance or reinsurance intermediary, or
(b)consists of the provision of information to a potential policyholder about—
(i)a contract of insurance, or
(ii)a relevant insurer or insurance or reinsurance intermediary.
(3) The condition specified in this paragraph is that the provider of the information does not take any step other than the provision of information to assist in the conclusion of a contract of insurance.
(4) In this article—
“insurance intermediary” has the meaning given in Article 2.1(3) of the insurance distribution directive;
“reinsurance intermediary” has the meaning given in Article 2.1(5) of the insurance distribution directive;
“relevant insurer” has the meaning given in article 39B(2) (claims management on behalf of an insurer etc.).”.
Commencement Information
I1Art. 5 in force at 23.5.2018 for specified purposes, see art. 1(2)(a)
I2Art. 5 in force at 1.10.2018 in so far as not already in force, see art. 1(2)(b)
(1)
Article 33A was inserted by S.I. 2003/1475.
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