Section 35: Interpretation.

In this Act, unless the context otherwise requires-
"chairman" means the chairman of the Board;
"Corporation" means the Nigerian Agricultural Insurance Corporation established by section 1 of this Act;
"insured" means the individuals or corporate bodies whether self financed or the beneficiaries of institutional agricultural credit granted insurance cover by the Corporation;
"lending institution" means an organisation giving credit for agricultural production and includes a bank and non-bank financing agency;
"Managing Director" means the Managing Director of the Corporation appointed pursuant to section 4 of this Act;
"Minister" means the Minister charged with responsibility for matters relating to agriculture;
"reserved fund" means the reserve fund established by section 18 of this Act;
"secretary" means the secretary of the Board;
"subsidy" means the amount by which an insurance premium is reduced by the Corporation under this Act.