policy stakeholder

218a natural person (excluding a policyholder) who is under a contractual or statutory obligation, which does not arise solely from that person’s trade or profession, to pay an amount:

1. (1) relating to:
   1. (a) the premium; and
   2. (b) any other costs connected to the distribution,
   of a non-investment insurance contract; and
2. (2) where the obligation arises in relation to the person having an interest and/or benefit in the subject matter of the insurance.