In this Chapter, unless the context otherwise requires,

(54) "insurance agent" has the meaning assigned to it in clause (10) of section 2 of the Insurance Act,1938 (4 of 1938);

The Other Statute Referred:

Clause (10) of section 2 of the Insurance Act,1938(4 of 1938):

"Insurance agent" means an insurance agent licensed under section 42 of the Insurance Act who receives or agrees to receive payment by way of commission or other remunaration in consideration of his soliciting or procuring insurance business including business relating to the continuance, renewal or revival of polices of insurance.