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COMP 5.7 211Protected non-investment insurance mediation

COMP 5.7.1R

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 5.7.2R

COMP 5.7.1 R only applies if the protected non-investment insurance mediation was carried on from:1

  1. (1)

    an establishment of the relevant person in the United Kingdom; or

  2. (2)

    a branch of a UK firm established in another EEA State in the exercise of an EEA right derived from the IMD.