Section 37: Interpretation

In this Act, except where the context otherwise requires, the following expressions have the meanings hereby respectively assigned to them, that is to say-
"Board" has the meaning assigned to it in section 2 of this Act;
"body corporate" includes an association of underwriters;
"chairman" means the chairman of the Board;
"Consolidated Revenue Fund" means the Consolidated Revenue Fund of the Federation;
"Corporation" means the National Insurance Corporation of Nigeria, established under section 1 of this Act;
"director", in relation to the Corporation, means a member of the Board;
"financial year", in relation to the Corporation, means the period of twelve months ending with 31 December in any year and, where appropriate, includes any lesser period ending with that date;
"general reserve fund of the Corporation" means the fund established and maintained by the Corporation pursuant to section 16 of this Act;
"Minister" means the Minister charged with responsibility for matters relating to trade;
"Minister of Finance" means the Minister charged with responsibility for finance;
"managing director" means the managing director of the Corporation;
"policy" in relation to insurance includes every writing whereby any contract of insurance is made or agreed to be made;
"Registrar of Insurance" means the Registrar of Insurance under the Insurance Act;
"registered insurer" means, without prejudice to section 7 of this Act, any person (other than the Corporation), registered as an insurer under the Insurance Act.