Main definitionsU.K.
1Main definitionsU.K.
In this Act—
“consumer insurance contract” means a contract of insurance between—
(a)an individual who enters into the contract wholly or mainly for purposes unrelated to the individual's trade, business or profession, and
(b)a person who carries on the business of insurance and who becomes a party to the contract by way of that business (whether or not in accordance with permission for the purposes of the Financial Services and Markets Act 2000);
“consumer” means the individual who enters into a consumer insurance contract, or proposes to do so;
“insurer” means the person who is, or would become, the other party to a consumer insurance contract.