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life protection reinsurance business

    20reinsurance acceptances which are contracts of insurance:

      1. (a) falling within long-term insurance business class I; or
      1. (b) falling within long-term insurance business class III and providing index-linked benefits;

    that are not:

      1. (c) with-profits insurance contracts; or
      1. (d) whole life assurances; or
      1. (e) contracts to pay annuities on human life; or
      1. (f) contracts which pay a sum of money on the survival of the life assured to a specific date or on his earlier death.