Section 233B does not apply in relation to a contract for the supply of goods or services to a company (“the company”) where any of paragraphs 3 to 11 applies.
(1) This paragraph applies where either the company or the supplier—
(a) carries on the regulated activity of effecting or carrying out contracts of insurance, and
(b) is not an exempt person in relation to that activity.
(2) In this paragraph—
“exempt person”, in relation to a regulated activity, has the meaning given by section 417 of the Financial Services and Markets Act 2000;
“regulated activity” has the meaning given by section 22 of that Act, taken with Schedule 2 to that Act and any order under that section.
(a) has permission under Part 4A of the Financial Services and Markets Act 2000 to carry on the regulated activity of acc
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