968

Companie.

to which

Ordigance

applies.

Ch. 31. No. 19.)  -lssurance Compantes.

being is the legal holder of the policy for securing the
contract with the assurance company:

prescribed — means prescribed by rules made under
this Ordinance.

Compantes to which Ordinance applies.

3. (1) Save as hereinatter provided, this Ordinance shall
apply to all persons or bodies of persons, whether corporate
or unincorporate, not being registered under the Ordi-
nance. relating to friendly societie. or to trade unions
(which persons and bodies of persons are hereinafter referred
to as “assurance companie, *'), whether established before
or after the commencement of this Ordinance and whether
established within or without the Colony, who carry on
within the Colony assurance business of all or any of the
following classes:

(a) life assurance business, that is to say, the issue
of, or the undertaking of ability under, policies of
assurance upon human life, or the granting of annuitie.
upon human life

(0) fire insurance business, that is to say, the issue
of, or the undertaking of ability under, policie. of
Insurance against loss by or incidental to fire;

(c) accident insurance business; that is to say, the
issue of, or the undertaking of liability under, policies
of insurance upen the happening of personal accidents,
whether fatal or not, disease or sickness, or any class
of personal accidents, disease, or sickness ;

(7) emplover’ liability. insurance business; — that
is to say the issue of, or the undertaking of liability
under, policies insuring employers against liability
to pay compensation or damages to workmen in their
emplovment

(e) bond investment business; that is to say, the
business of issuing bonds or endowment certificates
by which the company in return for subscriptions
pavable at periodical intervals of less than six months
contracts to pay the bond-holder a sum at some
future date, and not being life assurance as herein-
before defined, or sinking fund or capital redemption
insurance business;