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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 14 January 2005 - onwards
Version 3 of 3

Article 13 Register of unauthorised persons carrying on insurance mediation activities

After article 91 of the principal Order, insert -

"Part V Unathorised Persons Carrying on Insurance Mediation Activities

Interpretation

92. In this Part -

"designated professional body" means a body which is for the time being designated by the Treasury under section 326 of the Act (designation of professional bodies) [See S.I. 2001/1226 made under s. 326 of the Act.];

"insurance mediation activity" means any regulated activity of the kind specified by article 21, 25(1) or (2), 39A or 53, or, so far as relevant to any of those articles, article 64, which is carried on in relation to a contract of insurance;

"the record" means the record maintained by the Authority under section 347 of the Act (public record of authorised persons etc.);

"recorded insurance intermediary" has the meaning given by article 93(4);

"a relevant member", in relation to a designated professional body, means a member (within the meaning of section 325(2) of the Act) of the profession in relation to which that designated professional body is established, or a person who is controlled or managed by one or more such members.

Duty to maintain a record of unauthorised persons carrying on insurance mediation activities

93.

(1) Subject to articles 95 and 96, the Authority must include in the record every person who -