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706. Interpretation and general (Part 26).
(1) In this Part, unless the context otherwise requires -
"actuary" has the same meaning as in section 3 of the Insurance Act, 1936;
"annuity business" means the business of granting annuities on human life;
"annuity fund" means, where an annuity fund is not kept separately from the life assurance fund of an assurance company, such part of the life assurance fund as represents the liability of the company under its annuity contracts, as stated in its periodical returns;