1.2. Insurance Business
1.2.1. Types of Insurance Business
(1) General Insurance Business is Insurance Business in relation to General Insurance Contracts.
(2) Long-Term Insurance Business is Insurance Business in relation to Long-Term Insurance Contracts.
1.2.2. Types of Insurance Contracts
(1) A General Insurance Contract is a Contract of Insurance that falls within one of the categories set out in Schedule 1.
(2) A Long-Term Insurance Contract is a Contract of Insurance that falls within one of the categories set out in Schedule 2.