(1) A person who provides a mediation service for insurance contracts is exempt from registration under these Regulations only if all of the following conditions are satisfied:
(a) the contracts require only knowledge of the insurance cover that is provided under them;
(b) the contracts are not for the provision of life assurance;
(c) the insurance contracts do not cover risks for which the insurers may be liable to indemnify the insured;
(d) the person's principal professional activity is not insurance mediation;
(e) the insurance provided is complementary -
(i) to a contract for supply of goods and cover the risk of breakdown, loss of or damage to those goods, or
(ii) to a contract for the provision of travel and cover damage to or loss of baggage and other risks linked to the travel, even if the insurance also covers life assurance or liability risks, so long as the last-mentioned cover is ancillary to the main cover for the risks linked to the travel;
(f) none of the annual pr