In this Chapter, unless the context otherwise requires,

(49) "general insurance business" has the meaning assigned to it in clause (g) of section 3 of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972);

The Other Statute Referred:

Clause (g) of section 3 of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972);

"General Insurance Business" means fire, marine or miscellaneous insurance business, whether carried on singly or in combination with one or more of them, but does not include capital redemption business and annuity certain business.