Section 31: Extended application of the Insurance Act.

The Insurance Act shall apply to the Corporation in its commercial insurance business to the same extent as it applies to insurers under that Act and accordingly, and in so far as the provisions of the Insurance Act are not inconsistent with those of this Act, the Corporation shall, where applicable, comply with the requirements of that Act as if the Corporation were an insurer registered pursuant to that Act, and that Act shall in relation to the Corporation have effect and be construed accordingly.