non-directive friendly society

1. (a) a friendly society whose insurance business is restricted to the provision of benefits which vary according to the resources available and in which the contributions of the members are determined on a flat-rate basis;
2. (b) a friendly society whose long-term insurance business is restricted to the provision of benefits for employed and self-employed persons belonging to an undertaking or group of undertakings, or a trade or group of trades, in the event of death or survival or of discontinuance or curtailment of activity (whether or not the commitments arising from such operations are fully covered at all times by mathematical reserves);
3. (c) a friendly society which undertakes to provide benefits solely in the event of death where the amount of such benefits does not exceed the average funeral costs for a single death or where the benefits are provided in kind;
4. (d) a friendly society (carrying on long-term insurance business):
   1. (i) whose registered rules contain provisions for calling up additional contributions from members or reducing their benefits or claiming assistance from other persons who have undertaken to provide it; and
   2. (ii) whose annual gross premium income (other than from contracts of reinsurance) has not exceeded 5 million Euro for each of the three preceding financial years;
5. (e) a friendly society (carrying on general insurance business):
   1. (i) whose registered rules contain provisions for calling up additional contributions from members or reducing their benefits;
   2. (ii) whose gross premium income (other than from contracts of reinsurance) for the preceding financial year did not exceed 5 million Euro; and
   3. (iii) whose members provided at least half of that gross premium income;
6. (f)13
   1. (i) a friendly society whose liabilities in respect of general insurance contracts are fully reinsured with or guaranteed by other mutuals (including friendly societies); and13
   2. (ii) the mutuals providing the reinsurance or the guarantee are subject to the rules of the First Non-Life Directive;13

and in each case whose insurance business is limited to that described in any of (a) to (f).2