In this Chapter, unless the context otherwise requires,

(80) "policy holder" has the meaning assigned to it in clause (2) of section 2 of the Insurance Act,1938 (4 of 1938);

The Other Statute Referred:

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

"Policy holder" includes a person to whom the whole of the interest of the policy holder in the policy is assigned once and for all, but does not include an assignee thereof whose interest in the policy is defeasible or is for the time being subject to any condition;