GEN 2.15 GEN 2.15 Effecting contracts of insurance
GEN 2.15.1 GEN 2.15.1(1) In GEN Rule 2.2.2
Effecting Contracts of Insurancemeans effecting such contracts as principal.(2) An Insurerauthorised to Effect Contracts of Insuranceis taken under that authorisation to be authorised also to carry on an activity that:(b) relates to a Contract of Insuranceentered into, or to be entered into, as principal by the Insurer.
GEN 2.15.1 Guidance
Contract of Insuranceis defined in GEN App 4 to include a contract of reinsurance.