CIPR 1.2.7 Business customers in relation to insurance business

A customer of an authorised firm is a business customer if:

(a) the relevant business is either or both of insurance business and insurance mediation business (in either case, in relation to non-investment insurance contracts); and
(b) the customer is:
(i) a person other than an individual; or
(ii) an individual who is acting for the purposes of the individual's trade, business or profession.
Derived from QFCRA RM/2019-2 (as from 1st January 2020).