s 108 Interpretation of sections 102 to 107
108. In sections 102 to 107, unless the context otherwise requires —“business” includes affairs and property; “office-holder”, in relation to a licensed insurer, means any person acting in relation to the insurer as its liquidator, provisional liquidator, receiver, receiver and manager or an equivalent person; “property” includes property, right and power of every description; “relevant business” means any business of a licensed insurer —(a) which the Authority has assumed control of under section 102; or (b) in relation to which a statutory manager has been appointed under section 102; “relevant person” means a licensed insurer or an insurance intermediary; “statutory manager” means a statutory manager appointed under section 102.[41F [16/2011; 11/2013]