S.L. 487.6 Art. 3Exemptions of persons carrying out ancillary insurance intermediaries activities from the provisions of the Act.

A person carrying out insurance distribution activities on an ancillary basis in relation to contracts of insurance shall be exempted from the requirement of enrolment in terms of article 43E of the Act, if all the following conditions are satisfied:

(a) the contract of insurance is complementary to the good or service supplied by the person, where such contract covers:

(i) the risk of breakdown, loss of, or damage to, the good or the non-use of service supplied by that person; or

(ii) damage to, or loss of, baggage and other risks linked to the travel booked with that person;

(b) without prejudice to paragraph (c), the amount of the premium of the contract of insurance does not exceed six hundred euro (€ 600) calculated on a pro rata annual basis; and

(c) notwithstanding paragraph (b), where the contract of insurance is complementary to a service referred to in paragraph (a), and the duration of that service is equal to, or less than, three months, the amount of the premium paid, per person, does not exceed two hundred euro (€ 200).