COMP 5.7 211Protected non-investment insurance mediation
Protected non-investment insurance mediation is an insurance mediation activity where the investment concerned is a non-investment insurance contract which is not a reinsurance contract, provided that the condition in COMP 5.7.2 R is satisfied.12
COMP 5.7.1 R only applies if the protected non-investment insurance mediation was carried on from:1
- (1)
an establishment of the relevant person in the United Kingdom; or
- (2)
a branch of a UK firm established in another EEA State in the exercise of an EEA right derived from the IMD.