Section 21: Application of Act to securities.

(1) The provisions of this Act shall apply in relation to securities or to cash deposits and any certificate or document issued in respect thereof, issued or made in accordance with the provisions of this Act as such provisions apply in relation to policies of insurance and in relation to any such security or cash deposit and any certificate or document issued in respect thereof and references in this Act to being insured, to a certificate of insurance, to an insurer and to persons insured shall be construed as references to the having in force of the security or of the cash deposit, to the certificate of security or other certificate or document issued in respect of a cash deposit, to the giver of the security or the person making the cash deposit and to the persons whose liability is covered by the security or the cash deposit.
(2) In this Act references to a certificate of insurance in any provision relating to the surrender or loss or destruction of a certificate shall, in relation to policies under which more than one certificate is issued be construed as references to all or any of such certificates and shall, where any copy of a certificate has been issued, be construed as including a reference to such copy.