Introduction Details of the Sections Part 2 Chapter 1
2.Chapter 1 contains sections 55 to 65 which explain the structure of this Part of the Act and define terms used in the legislation.
3.Section 56 defines “life assurance business”, and section 57 defines “basic life assurance and general annuity business” (BLAGAB), which excludes “protection business”, among other items. Sections 58 to 62 define terms used in section 57.