Interpretation of sections 102 to 107
108.  In sections 102 to 107, unless the context otherwise requires —
“business” includes affairs and property;
“office-holder”, in relation to a licensed insurer, means any person acting in relation to the insurer as its liquidator, provisional liquidator, receiver, receiver and manager or an equivalent person;
“property” includes property, right and power of every description;
“relevant business” means any business of a licensed insurer —
(a)which the Authority has assumed control of under section 102; or
(b)in relation to which a statutory manager has been appointed under section 102;
“relevant person” means a licensed insurer or an insurance intermediary;
“statutory manager” means a statutory manager appointed under section 102.
[41F
[16/2011; 11/2013]