Schedule 1, Part 2, paragraph 20(5)

In this paragraph— “insurance contract” means a contract of general insurance or long-term insurance; “insurance purpose” means— advising on, arranging, underwriting or administering an insurance contract, administering a claim under an insurance contract, or exercising a right, or complying with an obligation, arising in connection with an insurance contract, including a right or obligation arising under an enactment or rule of law.

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Source: legislation.gov.uk · retrieved 2026-09-04