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You are viewing the version of the document as on 2023-11-30.

long-term insurance contract

    (1)96 (in accordance with article 3(1) of the Regulated Activities Order (Interpretation: general)) any contract of insurance within Part II of Schedule 1 to the Regulated Activities Order (Contracts of long-term insurance), namely:

      1. (a) life and annuity (paragraph I);
      1. 15(b) marriage or the formation of a civil partnership and birth (paragraph II);
      1. (c) linked long-term (paragraph III);
      1. (d) permanent health (paragraph IV);
      1. (e) tontines (paragraph V);
      1. (f) capital redemption (paragraph VI);
      1. (g) pension fund management (paragraph VII);
      1. (g) collective insurance etc (paragraph VIII);
      1. (h) social insurance (paragraph IX).2

    (2) in DISP 2.7.6(14A) a long-term insurance contract does not include:96

      1. (a) a with-profits policy;96
      1. (b) an industrial assurance policy; or96
      1. (c) a policy that is the subject of a trust.96