In this Act, unless the subject or context requires otherwise:- (a) "Institution" shall mean the National Insurance Institute established under Section 3. (b) "Committee" shall mean the Board of Directors constituted under Section 6. (c) ) "Director" means the Director of the Corporation appointed under this Act. This term also refers to the administrator and assistant administrator. (d) "Life insurance business" means the life insurance business mentioned in clause (f) of section 2 of the Insurance Act, 2049. (e) …………