# The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, Paragraph 2: Effecting or carrying out contracts of insurance


(1) Effecting a contract of insurance as principal is a controlled activity.
(2) Carrying out a contract of insurance as principal is a controlled activity.
(3) There is excluded from sub-paragraph (1) or (2) the effecting or carrying out of a contract of insurance of the kind described in article 12 of the Regulated Activities Order by a person who does not otherwise carry on an activity falling within those sub-paragraphs.

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Source: https://www.legislation.gov.uk/uksi/2005/1529/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-financial-promotion-order-2005/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.