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GIM3100 | Regulatory framework: classes and groups of general insurance business

From HM Revenue & Customs · General Insurance Manual

‘Contract of insurance’ means any contract falling within Part 1 of Schedule 1 to the Regulated Activities Order (RAO). This lists 18 types of general insurance contract. These are the classes set out in Annex A to 73/239/EEC, the First Insurance Directive. The list is also to be found in IPRU(INS) in Part I of Annex 11.2 to Chapter 11 of Volume 1.

The 18 classes of general insurance contract are as follows:

  1. Accident

  2. Sickness

  3. Land vehicles

  4. Railway rolling stock

  5. Aircraft

  6. Ships

  7. Goods in transit

  8. Fire and natural forces

  9. Damage to property

  10. Motor vehicle liability

  11. Aircraft liability

  12. Liability of ships

  13. General liability

  14. Credit

  15. Suretyship

  16. Miscellaneous financial

  17. Legal expenses

  18. Assistance

The First Non-Life Directive also groups these classes into eight groups, for the purpose of granting authorisations for more than one class of insurance. These are listed in Part II of Annex 11.2 to Chapter 11 of Volume 1 of IPRU(INS). These eight groups are as follows:

NumberDescriptionNature of business
1Accident and healthClasses 1 and 2
2MotorClasses 1*, 3, 7, 10
3Marine and transportClasses 1*, 4, 6, 7, 12
4AviationClass 1*, 5, 7, 11
5Fire and other property damageClasses 8 and 9
6LiabilityClasses 10, 11, 12, 13
7Credit and suretyshipClasses 14 and 15
8GeneralAll classes

*To the extent that the relevant risks are of the insured person being injured or dying, as the result of being a passenger.

These accounting classes and groups are used for the purposes of the FSA return (GIM3180).