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The Insurance Corporations Act, 1973

( ACT NO. VI OF 1973 )

An Act to establish a Jiban Bima Corporation and a Sadharan Bima Corporation.

WHEREAS it is expedient to provide for the establishment of a Jiban Bima Corporation and a Sadharan Bima Corporation for the purpose of taking over the undertakings of the Surma Jiban Bima Corporation, the Rupsa Jiban Bima Corporation, the Karnaphuly Bima Corporation and the Teesta Bima Corporation, and for the dissolution of the Bangladesh Jatiya Bima Corporation, and for matters connected therewith or incidental thereto;

Short title, extent and commencement
1. (1) This Act may be called the Insurance Corporations Act, 1973.
(2) It extends to the whole of Bangladesh.
(3) It shall come into force at once and shall be deemed to have taken effect on the 14th May, 1973.

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