CONTRACTS OF REINSURANCE

1  A contract falls within this paragraph if it is a contract of reinsurance.

CONTRACTS CONSTITUTING LONG TERM BUSINESS

2(1)  Subject to sub-paragraph (3) below, a contract falls within this paragraph if it is exclusively a contract of long-term insurance.

2(2)  In deciding whether a contract is exclusively a contract of long-term insurance, as is mentioned in sub-paragraph (1) above, where–

(a)the contract includes cover for risks relating to accident or sickness;

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