COMP 4.3 Exceptions: Circumstances where a person coming within COMP 4.2.2R may receive compensation

A person other than one which comes within any of categories (7)-(12) and (15) of COMP 4.2.2R is eligible to claim compensation in respect of a long term insurance contract.

1. (1)

   A person falling within categories (1)-(4) of COMP 4.2.2 R is eligible to claim compensation in respect of a relevant general insurance contract if, at the date the contract commenced he was a small business.

2. (2)

   Where the contract has been renewed, the last renewal date shall be taken as the commencement date.

A partnership which falls3 within category 14, or category 17, or both 3of COMP 4.2.2R is eligible to claim compensation in respect of a relevant general insurance contract entered into before commencement.

A person who comes within COMP 4.2.2R is eligible to claim compensation in respect of a liability subject to compulsory insurance if the claim is:2

1. (1)

   a claim under a protected contract of insurance; or2

2. (2)

   a claim in connection with protected non-investment insurance mediation.2