# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 587: Interpretation of the 2000 Order: Insurance business

Extent: E+W+S+N.I.

(1) The Schedule to the Data Protection (Processing of Sensitive Personal Data) Order 2000 (Circumstances in which sensitive personal data may be processed) is amended as follows.
(2) In sub-paragraph (2) of paragraph 5 of that Schedule, for paragraph (a) substitute—
“(a) “insurance business” means business which consists of effecting or carrying out contracts of insurance of the following kind—
(i) life and annuity,
(ii) linked long term,
(iii) permanent health,
(iv) accident, or
(v) sickness; and”.
(3) After sub-paragraph (2) of paragraph 5 insert—
“(2A) The definition of “insurance business” in sub-paragraph (2) above must be read with—
(a) section 22 of the Financial Services and Markets Act 2000;
(b) any relevant order under that section; and
(c) Schedule 2 to that Act.”.
(4) In paragraph 6(b) of that Schedule for paragraph (i) substitute—
“(i) effecting or carrying out contracts of long-term insurance of the kind mentioned in sub-paragraph (2)(a)(i), (ii) or (iii) of paragraph 5 above.”.

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Source: https://www.legislation.gov.uk/uksi/2001/3649/article/587 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-587
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.