Commencement [1st May 1981] 1 Short title This Ordinance may be cited as the National Bank of Tuvalu (Insurance Fund) Ordinance.
2 Commencement This Ordinance shall come into operation on 1st May 1981.
3 Interpretation In this Ordinance, unless the context otherwise requires —
"the Bank" means the National Bank of Tuvalu established by the National Bank of Tuvalu Ordinance;
Cap. 58 "the Board" means the Board of Directors of the National Bank of Tuvalu:
"excess" means the excess fixed in accordance with section 5 (1);
"financial year" means a financial year of the Bank;
"the Fund" means the National Bank of Tuvalu (Insurance) Fund
established by section 4;
"the Minister" means the Minister of Finance;
"the premium" means the premium fixed in accordance with section 5 (1);
"relevant loss", in relation to the Bank, means the amount of any financial loss sustained by the Bank which the Government is liable under this Ordinance to make good.