(1) Subject to sub-article (2) of this Article, these Regulations apply to insurance business ("non-life insurance") of the classes specified in Part A of Annex I to these Regulations and to undertakings carrying on such insurance.
(2) These Regulations do not apply to -
(a) the kinds of insurance specified in paragraph 1 of Article 2 of the First Directive,
(b) the operations specified in paragraph 2 of Article 2 of the First Directive,
(c) mutual associations excluded from the application of the First Directive by Article 3 thereof, and
(d) the kinds of assistance activity specified in paragraph 3 of Article 2 of the First Directive.