2

“Authorised insurer” means an insurer who is a member of the Motor Insurers Bureau (a company limited by guarantee and incorporated under the Companies Act 1929 on 14th June 1946).

3

“Insurer” means—

a

a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out relevant contracts of insurance, or

b

an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to that Act, which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out relevant contracts of insurance.

4

A contract is a relevant contract of insurance if the risk insured against relates to—

a

the insured sustaining accidental injury or death as a result of travelling as a passenger;

b

land vehicles;

c

goods in transit; or

d

motor vehicle liability.

5

This section must be read with—

a

section 22 of the Financial Services and Markets Act 2000;

b

any order for the time being in force under that section; and

c

Schedule 2 to that Act.