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For the purposes of Paragraph AU-1.4.24, an insurance exchange means a distinct market place comprising as members insurance firmsG or insurance brokersG , and undertaking insurance related activities. The fact that the exchange may undertake other non-insurance related activities does not preclude it from being an 'insurance exchange' within the meaning of Paragraph AU-1.4.24.

Amended: July 2007
(2 Versions)
Up to Jun 30 2007Jul 1 2007 onwards
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