PINS 8.3.2 Guidance

A portion of a contract of insurance insuring a risk of a category other than the principal category to which the contract relates, will not normally be regarded as material if the interest that it insures is both related and subsidiary to the principal interest or interests insured under the contract, and constitutes less than 10% of the gross written premium under the contract.

Editorial changes (as from 1 January 2015).