NOT a consumer for the Distance Marketing Regulations?

• A. A A company with an annual turnover under €3 million taking out consequential loss insurance.
• B. B An individual applying for a credit card.
• C. C A self-employed plumber taking out a Personal Pension Plan.
• D. D A woman taking out car insurance for her own car.

Answer: (A)

The distance marketing rules apply to contracts for financial services entered into by consumers—natural persons acting for private purposes and not in connection with their trade, business, or profession. A company, even a small one, is a business entity, not a consumer, so it falls outside these regulations.

In the options, only the first describes a business entity: a company with annual turnover under €3 million. The others involve individuals: someone applying for a credit card, a self-employed person buying a personal pension plan for personal use, and a person taking out car insurance for their own car. All of these are consumers in the sense used by the regulations, since they’re acting for private purposes rather than in the course of a business. Therefore, the company is not a consumer for the Distance Marketing Regulations.