Interpretation of this Division
49FE.  In this Division, unless the context otherwise requires —
“business” includes affairs, property, right, obligation and liability;
“certificate” means a certificate of transfer issued by the Minister under section 49FG(1);
“debenture” has the same meaning as in section 4(1) of the Companies Act (Cap. 50);
“determination” means a determination of the Authority under section 49FF(1);
“property” includes property, right and power of every description;
“specified business” means that part of the business of a transferor which is specified or identified in a certificate;
“transferee” means a licensed insurer, a company or a co-operative society which has applied for or will be applying for a licence to carry on the relevant class or classes of business to be transferred in Singapore, as the case may be, 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]