In regard to life insurance, this Directive shall not apply to the following organisations, undertakings and institutions:
(1) organisations which undertake to provide benefits solely in the event of death, where the amount of such benefits does not exceed the average funeral costs for a single death or where the benefits are provided in kind;
(2) the "Versorgungsverband deutscher Wirtschaftsorganisationen" in Germany, unless its statutes are amended as regards the scope of its capacity;
(3) the "Consorcio de CompensaciĆ³n de Seguros" in Spain, unless its statutes are amended as regards the scope of its activities or capacity.