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[Section Index]

The Insurance Corporations Act, 1973

( ACT NO. VI OF 1973 )

[ 23rd June, 1973 ]

Actuarial valuation
20. The Jiban Bima Corporation shall, once at least in every two years cause an investigation to be made by actuaries into the financial condition of its business, including a valuation of its liabilities in respect thereto, and submit the report of the actuaries to the 1[Chief Controller of Insurance] and also to the Government.
  • 1
    The words “Chief Controller of Insurance” were substituted for the words “Controller of Insurance” by section 2 of the Insurance Corporations (Amendment) Act, 1996 (Act No. XVI of 1996)
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