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Paragraph 3

Original text. Later amendments are not shown.

The conditions referred to in paragraph 1(c) above are—

(a)

that the risk is covered by a single contract at an overall premium and for the same period by two or more insurers, each for his own part;

(b)

that the risk is situated (within the meaning of paragraph 4 below) within an EEA State;

(c)

that at least one of the insurers participating in the operation does so through a head office or branch established in an EEA State other than that in which the leading insurer’s head office (or if the leading insurer is participating through a branch, that branch) is established.