Print View

[Section Index]

The Insurance Corporations Act, 1973

( ACT NO. VI OF 1973 )

Definitions
2. (1) In this Act, unless there is anything repugnant in the subject or context,-
 
 
 
 
(a) “Board” means the Board of Directors of a Corporation;
 
 
 
 
(b) “Chairman” means the Chairman of a Corporation;
 
 
 
 
(c) “Corporation” means a Corporation established by section 4;
 
 
 
 
(d) “Director” means a Director of a Corporation;
 
 
 
 
(e) “insurer” means an insurer as defined in the Insurance Act, 1938 (Act IV of 1938), who carries on insurance business in Bangladesh and includes a provident society as defined in section 65 of that Act;
 
 
(f) “Managing Director” means a Managing Director of a Corporation;
 
 
 
 
(g) “Order” means the Bangladesh Insurance (Nationalisation) Order, 1972 (P.O. No. 95 of 1972);
 
 
 
 
(h) “Prescribed” means prescribed by rules made under this Act.
 
 
 
 
(2) All other words and expressions used in this Act but not defined and defined in the Insurance Act, 1938 (Act IV of 1938), shall have the meanings respectively assigned to them in that Act.

Copyright © 2019, Legislative and Parliamentary Affairs Division
Ministry of Law, Justice and Parliamentary Affairs