GEN 2.19.1

Past version: effective from 01/08/2016 - 31/01/2017
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(1) In GEN Rule 2.2.2Insurance Intermediation means:
(a) advising on a Contract of Insurance;
(b) acting as agent for another Person in relation to the buying or selling of a Contract of Insurance for that other Person;
(c) making arrangements with a view to another Person, whether as principal or agent, buying a Contract of Insurance; or
(d) operating an Insurance Aggregation Site.
(2) In (1)(a), 'advising' means giving advice to a Person in his capacity as a Policyholder, or in his capacity as agent for a 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 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.
(6) The arrangements in (1)(c) do not include the mere provision of information about:
(a) a Contract of Insurance, insurer, insurance intermediary or insurance manager to a Policyholder; or
(b) a Policyholder to an insurer, insurance intermediary or insurance manager,
if the Person providing that information does not take any further steps to assist in concluding the Contract of Insurance.

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]
[Amended] DFSA RM176/2016 (Made 19th June 2016) [VER37/08-16]