group policy

11a non-investment insurance contract which a person enters into as legal holder of the policy on his own behalf and for other persons who are or will become policyholders and:

1. (a) those other persons are or become policyholders by virtue of a common employment, occupation or activity which has arisen independently of the contract of insurance;
2. (b) the common employment, occupation or activity is not brought about, in relation to the contract of insurance, by
   1. (i) the insurance undertaking which effects it or carries it out; or
   2. (ii) any activity which if carried on by a firm would be an insurance mediation activity; and
3. (c) the risks insured under the policy are related to the common employment, occupation or activity of the policyholders.