Application of future amendments. 3. The Lieutenant-Governor may by Proclamation apply the provisions of any amendment to the said Act which may hereafter be enacted by the Parliament of the Dominion to every industrial dispute of the nature in said Act defined which is within or subject to the exclusive legislative jurisdiction of the Province, whereupon those provisions shall apply accordingly. VICTORIA, B.C.: Printed by CHARLES F. BANFIELD, Printer to the King's Most Excellent Majesty. An Act to amend and consolidate the Law relating to HIS [Assented to 19th December, 1925.] IS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows: Short Title. 1. This Act may be cited as the "Insurance Act." Interpretation. 2. In this Act, unless the context otherwise requires: Short title. Expressions "Accident insurance" means insurance against loss arising interpreted. from accident to the person of the insured: "Automobile" includes locomobiles, motor-cycles, and other "Aviation insurance" means insurance against liability for loss "Beneficiary" means a person designated or appointed as one to whom or for whose benefit insurance-money is to be payable: "Boiler and machinery insurance" means insurance against loss or damage to person or property through the explosion, machinery, or other vessels or apparatus connected with or operated thereby: "Bond insurance" means insurance guaranteeing the validity and legality of bonds, debentures, or debenture stock issued by any Province of the Dominion or any municipality thereof or by any public body incorporated by a Province or the Dominion, or by any corporation: "Burglary insurance" means insurance against loss or damage through burglary, housebreaking, robbery, or theft: "Charter" includes any Act, Statute, Ordinance, or other provision of law by or under which a corporation has been incorporated, and any memorandum of association, agreement or deed of settlement of the corporation, and any letters patent or other instrument incorporating the corporation, and any licence or certificate of registration of the corporation, and any amendments thereto : "Charter and regulations" includes the charter and all articles of association, by-laws, regulations, and rules of a corporation: "Contract" means a contract of insurance and includes a policy, certificate, interim receipt, renewal receipt, or writing evidencing the contract, whether sealed or not, and a binding oral agreement: "Corporation" includes any incorporated company, association, or society, wheresoever incorporated: "Court" means the Supreme Court or a Judge thereof: "Credit insurance" means insurance against insolvency of debtors or against loss or damage from giving credit: "Dominion Act" means the "Insurance Act, 1917," of the Dominion, or any Act substituted therefor: "Dominion licence" means a licence held by an insurer under the Dominion Act: "Dominion licensee" means an insurer licensed under the Dominion Act: "Explosion insurance" means insurance against loss of or damage to property caused by explosion, or caused by bombardment, invasion, insurrection, riot, civil war or commotion, or military or usurped power: "Fire insurance" means insurance against loss of or damage to property in the Province, or in transit therefrom or thereto, caused by fire, lightning, or explosion, and includes sprinkler-leakage insurance; and for the purposes of this definition the expression "property" includes use and occupancy, rents, profits, and charges where these are the subject-matter of the contract: "Guarantee insurance" means the undertaking of suretyship, or the undertaking to perform any agreement, contract, or obligation, or the duties of any office or position of trust or employment, upon the default of the person liable for the performance thereof: “Head office” means the principal office or place of business and includes the registered office (if any) of a corporation: "Inland transportation insurance" means insurance against loss of or damage to property of any kind while in transit to, from, or within the Province, and includes, by usage of trade, or where the contract expressly so provides, insurance against marine losses which may be incidental to such transit: "Insurance" means the undertaking by one person to indemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of the insurance may be exposed, or to pay a sum of money or other thing of value upon the happening of a certain event: "Insurance-money "" means the amount payable by an insurer under a contract, and includes all benefits, surplus, profits, dividends, bonuses, and annuities payable under the contract: "Insurer" means the person who undertakes, or agrees or offers to undertake, a contract: "Licence," "licensed," and "unlicensed" refer to the licence of an insurer under this Act: "Life insurance" means the undertaking to pay insurancemoney contingently on the death or on the duration of the life of a designated human being: "Live-stock insurance" means insurance against loss or damage through the death or sickness of or accident to animals and their offspring: Lloyd's association " means an association of individuals formed upon the plan known as Lloyds, whereby each associate underwriter becomes liable for a stated, limited, or proportionate part of the whole amount insured by a contract: "Marine insurance" means insurance against marine losses, that is to say, the losses incidental to a marine adventure, and includes, by usage of trade or where the contract expressly so provides, insurance against losses on inland waters or any land risk which may be incidental to any sea voyage: "Minister" means the Attorney-General : "Mutual company means a corporation formed under the "Mutual Fire Insurance Companies Act": "Officer" includes any director, manager, treasurer, or secretary of an insurer, and any other member of the managing body of an insurer by whatever name called: Division into parts. "Person" includes corporation, unincorporated society or association, partnership, any group of underwriters, and a Lloyd's association: 66 Plate-glass insurance" means insurance against loss or damage "Policy" means the instrument evidencing a contract: "Prescribed" means prescribed by this Act or the regulations: under an Act of the Legislature, whether before or after the commencement of this Act: "Reciprocal exchange" means a group of persons, each of whom "Reciprocal insurance" means insurance undertaken by, "Sickness insurance" means insurance, other than life insur- "Sprinkler-leakage insurance" means insurance against loss of "Superintendent" means the Superintendent of Insurance: Division of Act. 3. For convenience of reference only, this Act is divided into parts as follows: |