Insurance Act, 1990


1.—In this Act—

“the Court” means the High Court;

“subsidiary” has the meaning assigned to it by the Companies Act, 1963 ;

“the Holding Company” means a company of which the Original Company or the New Company is a subsidiary;

“the Minister” means the Minister for Finance;

“the New Company” means a subsidiary of the Holding Company to which the business of the Original Company may be transferred by a transfer order;

“the Original Company” means Irish Life Assurance plc;

“the transfer date” means the date specified in a transfer order for the transfer of the assurance business of the Original Company to the New Company;

“transfer order” means an order (including a supplemental order) made by the Court under section 13 of the Assurance Companies Act, 1909 .