Section 2: Definitions

Plain-Language Summary

A general explanation to aid understanding. The official statutory text appears below.

This section defines the following terms used in The National Insurance Corporation (Reorganization) Ordinance, 2000: • Company — the National Insurance Company Limited incorporated under the Companies Ordinance, 1984. (XLVII of 1984) • Corporation — the National Insurance Corporation established under section 3 of the National Insurance Corporation Act, 1976; (XXIII of 1976) • effective date — the date on which property, rights and liabilities of the Corporation are vested in the Company under section 3; and (2) All words and expressions used but not defined in this Ordinance shall have the same meaning as in the Insurance Act, 1938. (IV of 1938) This is the official statutory text, shown as written — it is not a paraphrase or a legal opinion. Consult a verified lawyer to see how it applies to your specific situation.

2. Definitions.___ (1) In this Ordinance, unless there is anything repugnant in the subject or context— (a) “Company” means the National Insurance Company Limited incorporated under the Companies Ordinance, 1984. (XLVII of 1984) (b) “Corporation” means the National Insurance Corporation established under section 3 of the National Insurance Corporation Act, 1976; (XXIII of 1976) (c) “effective date” means the date on which property, rights and liabilities of the Corporation are vested in the Company under section 3; and (2) All words and expressions used but not defined in this Ordinance shall have the same meaning as in the Insurance Act, 1938. (IV of 1938)

Effective date: 2000-01-01

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