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Union of India - Section

Section 2 in Tariff Advisory Committee (Election Of Members, Meetings, Functions And Miscellaneous Regulations, 2004

2. Definitions.-

(1)In these regulations, unless the context otherwise requires,-
(a)"Act" means the Insurance Act, 1938 (4 of 1938);
(b)"Authority" means the Insurance Regulatory and Development Authority established under sec-section (1) of Section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999);
(c)"Board" means the Board of Directors of the Governing Body of an insurer, by whatever name called;
(d)"Chairman" means the Chairman of the Committee referred to in clause (a) of sub-section (1) of Section 64-UA of the Act, and includes the presiding member of any meeting of the Committee, as the case may be;
(e)"Committee" means the Tariff Advisory Committee established under the Act;
(f)"Election Officer" means the Secretary of the Committee charged with the responsibility of conduct of election of representatives of insurers on the Committee and matters incidents thereto;
(g)"Insurer" means and insurer who has obtained a certificate of registration under Section 3 of the Act, or renewal of registration under Section 3-A of the Act, as the case may be, to carry on general insurance business and includes:
(i)an insurance co-operative society, whose sole purpose is to carry on general insurance business;
(ii)an organization exempted under Section 118 of the Act; and
(iii)a provident soceity under section 65 of the Act;
(h)"Member" means a member of the Committee elected in the manner provided in these regulations, and so includes the Chairman and Vice-Chairman and every person co-opted to fill in casual vacancy pursuant to Regulation 4 of these regulations;
(i)"Secretary" means an officer of the office of the Authority nominated under sub-section (2) of Section 64-UA of the Act;
(j)"Vice-Chairman" means the person nominated by the Authority to be the Vice-Chairman of the Committee.
(2)Words and expressions used in these regulations and not defined but defined in the Act shall have the same meaning respectively assigned to them in the Act.