GEN 2.19.1

Past version: effective from 03/01/2010 - 31/07/2016
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(1) In GEN Rule 2.2.2Insurance Intermediation means:
(a) advising on insurance;
(b) acting as agent for another Person in relation to the buying or selling of insurance for that other Person; or
(c) making arrangements with a view to another Person, whether as principal or agent, buying insurance.
(2) In (1)(a), 'advising' means giving advice: to a Person in his capacity as a policyholder or potential policyholder, or in his capacity as agent for a policyholder or potential policyholder on the merits of his entering into a Contract of Insurance whether as principal or agent.
(3) In (2), 'advice' includes a statement, opinion or report:
(a) where the intention is to influence a Person, in making a decision, to select a particular Contract of Insurance or insurance cover; or
(b) which could reasonably be regarded as being intended to have such influence.
(4) The arrangements in (1)(c) include arrangements which do not bring about the transaction.
(5) The arrangements in (1)(c) do not include arrangements of the kind described in GEN Rule 2.26.1 that constitute marketing.

Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] [VER6/12-05]
[Amended] [VER10/06-06]
[Amended] DFSA RM68/2009 (Made 3rd January 2010). [VER24/01-10]