116. Interpretation of this Division
Feedback & supportLast amended by an amending law of 2013. 2 amendments in all.
In this Division —“transferee” means a licensed insurer, a company or a co‑operative society which has applied or will be applying for a licence to carry on the relevant class or classes of business, to which the whole or part of a transferor’s business is or is to be, or is proposed to be, transferred under this Division;“transferor” means a licensed insurer, the whole or part of the business of which is or is to be, or is proposed to be, transferred under this Division.[49FA
licensed insurer
“licensed insurer” means an insurer which is for the time being licensed under section 11;
“transferee” means a licensed insurer, a company or a co‑operative society which has applied or will be applying for a licence to carry on the relevant class or classes of business, to which the whole or part of a transferor’s business is or is to be, or is proposed to be, transferred under this Division;
company
“company” has the meaning given by section 4(1) of the Companies Act 1967;
“transferor” means a licensed insurer, the whole or part of the business of which is or is to be, or is proposed to be, transferred under this Division.[49FA