overseas non-investment insurance product

111(in PROD) a non-investment insurance product:

1. (1) that:
   1. (a) is only available for distribution to; or
   1. (b) (for a legacy non-investment insurance product) is no longer being marketed or distributed but where there are policies under the product that remain in force where the policyholder is,
   a customer who is not habitually resident in and, if applicable, the state of the risk is outside, the United Kingdom; and
1. (2) where, for all policies issued or that will be issued under the product, any policyholder is not habitually resident at the time of issue in, and, if applicable, the state of the risk is outside, the United Kingdom.