life protection reinsurance business
20reinsurance acceptances which are contracts of insurance:
- (a) falling within long-term insurance business class I; or
- (b) falling within long-term insurance business class III and providing index-linked benefits;
that are not:
- (c) with-profits insurance contracts; or
- (d) whole life assurances; or
- (e) contracts to pay annuities on human life; or
- (f) contracts which pay a sum of money on the survival of the life assured to a specific date or on his earlier death.