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Term Definition Legal instruments

non-directive insurer


The changes to this defined term are effective from 23:00 on 31/12/2020.

means a firm with a Part 4A permission to effect contracts of insurance or carry out contracts of insurance, other than:

(1) a UK Solvency II firm;

(2) a third country branch undertaking; or

(3) where the firm has the permission by reason only of the operation of the EEA Passport Rights (Amendment etc., and Transitional Provisions) (EU Exit) Regulations 2018.