it was entered into by an insurer who at the time it was entered into was a qualifying insurer and was approved by the Board for the purposes of this section,

the period of insurance under the contract does not exceed one year(commencing with the date it was entered into),

at the relevant time the contract satisfies the conditions set out in subsection (2A) below,

the contract is not one in the case of which subsection (2D) below applies,

the contract is not connected with any other contract at the relevant time and has not been connected with any other contract at any time since it was entered into, F3and

no benefit has been provided by virtue of the contract other than an approved benefit, F4and

the contract meets one or more of the three conditions set out below.

the contract either provides indemnity in respect of all or any of the costs of all or any of the treatments, medical services and other matters for the time being specified in regulations made by the Treasury, or in addition to providing indemnity of that description provides cash benefits falling within rules for the time being so specified,

the contract does not confer any right other than such a right as is mentioned in paragraph (a) above or is for the time being specified in regulations made by the Treasury,

the premium under the contract is reasonable, and

the contract satisfies such other requirements as are for the time being specified in regulations made by the Treasury.

at the relevant time the contract confers a material right, or more than one such right, but

the total cost to the insurer of providing benefits in pursuance of the material right or (as the case may be) in pursuance of all the material rights would not exceed the prescribed sum,

is not a right such as is mentioned in subsection (2A)(a) above or such as is for the time being specified in regulations made under subsection (2A)(b) above, and

is not a right to a cash benefit.

at least one other contract is entered into which is a contract (a collateral contract) under which a benefit is provided in consideration of the insured’s entering into the main contract, and

the cost to the insurer of fulfilling his obligations under the collateral contract (or, if there is more than one collateral contract, of fulfilling his obligations under all of them) exceeds the prescribed sum.

which were (at the time the contract was entered into) certified by the Board as compatible with an eligible contract when made to that standard form, and

which (at that time) satisfied any conditions subject to which the additions were so certified.

they are simultaneously in force at that time,

either of them was entered into with reference to the other, or with a view to enabling the other to be entered into on particular terms, or with a view to facilitating the other being entered into on particular terms, and

the terms on which either of them was entered into would have been significantly less favourable to the insured if the other had not been entered into.

an insurer lawfully carrying on in the United Kingdom business of any of the classes specified in Part I of Schedule 2 to the M1Insurance Companies Act 1982;

an insurer not carrying on business in the United Kingdom but carrying on business in another member State and being either a national of a member State or a company or partnership formed under the law of any part of the United Kingdom or another member State and having its registered office, central administration or principal place of business in a member State.

mentioned in subsection (2A)(a) above, or

for the time being specified in regulations made under subsection (2A)(b) above.

it is a single benefit provided otherwise than as mentioned in subsection (9) above and the cost to the insurer of providing it does not exceed the prescribed sum, or

it is one of a number of benefits provided otherwise than as mentioned in subsection (9) above and the total cost to the insurer of providing the benefits does not exceed the prescribed sum.