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Interpretation.
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29. In this Act, unless the context otherwise requires,—
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The expression “chairman” means the person for the time being presiding over the board of directors or other governing body of the assurance company;
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The expression “annuities on human life” does not include superannuation allowances and annuities payable out of any fund applicable solely to the relief and maintenance of persons engaged or who have been engaged in any particular profession, trade, or employment, or of the dependants of such persons;
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The expression “policy holder” means the person who for the time being is the legal holder of the policy for securing the contract with the assurance company;
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The expression “underwriter” includes any person named in a policy or other contract of insurance as liable to pay or contribute towards the payment of the sum secured by such policy or contract;
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The expression “financial year” means each period of twelve months at the end of which the balance of the accounts of the assurance company is struck, or, if no such balance is struck, then the calendar year;
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The expression “Court” means the High Court of Justice in England, except that in the case of an assurance company registered or having its head office in Ireland it means, in the provisions of this Act, the High Court of Justice in Ireland, and in the case of an assurance company registered or having its head office in Scotland it means, in the provisions of this Act other than those relating to deposits, the Court of Session, in either division thereof;
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The expression “Companies Acts” includes the Companies (Consolidation) Act, 1908, and any enactment repealed by that Act;
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The expression “registrar” means the Registrar of Joint Stock Companies;
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The expression “actuary” means an actuary possessing such qualifications as may be prescribed by rules made by the Board of Trade;
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The expression “Gazette” means the London, Edinburgh, or Dublin Gazette, as the case may be.
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Application to Special Classes of Business.
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