Interpretation of this Division
49FA.  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;
[Act 11 of 2013 wef 18/04/2013]
“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.
[16/2011 wef 01/05/2011]
[Act 11 of 2013 wef 18/04/2013]