Such type of insurance organization works like a joint stock company but they are established by a separate act. These insurance organizations are established either by a special act passed by the Parliament or under the provision of special act passed by the highest person or institution of the state. These are called government corporations because they are established by the government. If whole capital is invested by the private sector, then they will be called private insurance corporations. They will be considered mixed nature corporations if capital is invested by both government and private sector.
This insurance organization has the rights to ensure only those subjects, which are permitted by the concerning acts. The provisions of the Companies Act are applicable except for the areas of management and operations of such organizations. They are of autonomous nature although invested by the government. So, there is no strict control by the government, but managers have autonomy in the management and operation. On the other matters company insurance organization and corporation insurance organization have more similarities.
In brief, corporation insurance organization may be expressed in such a manner that it is established by a separate act. On the basis of the arrangements of this act, its capital, scope of insurance, management and operation, duties, rights and responsibilities are determined.
Descripition about Insurance Corporation
Author: Priyanka Payal
13 Comments
דירות דיסקרטיות בבת ים
Can I just say what a comfort to find somebody who truly understands what theyre talking about on the net. You certainly understand how to bring a problem to light and make it important. A lot more people really need to look at this and understand this side of the story. I cant believe youre not more popular because you definitely possess the gift.
נערת ליווי אילת
Good post. I learn something new and challenging on blogs I stumbleupon on a daily basis. Its always useful to read content from other writers and use a little something from their sites.
zoritoler imol
Interesting blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple adjustements would really make my blog shine. Please let me know where you got your theme. Thanks
How to Write a Business Plan for a Fire (electric) Business
There are definitely a whole lot of particulars like that to take into consideration. That could be a great level to deliver up. I supply the ideas above as basic inspiration however clearly there are questions like the one you convey up where a very powerful factor shall be working in trustworthy good faith. I don?t know if finest practices have emerged around things like that, however I am positive that your job is clearly identified as a good game. Each boys and girls feel the impression of only a moment’s pleasure, for the rest of their lives.
How to Write a Business Plan for a Choke And Coil (electronic) Business
You can certainly see your enthusiasm in the work you write. The world hopes for even more passionate writers like you who are not afraid to say how they believe. Always follow your heart.
The Best Places to do Work Experience Kisumu (Kenya)
Very clean website , regards for this post.
How to Become a Clay Roaster
I’ve been browsing online more than 3 hours nowadays, but I never discovered any fascinating article like yours. It is pretty value enough for me. In my view, if all site owners and bloggers made good content material as you probably did, the internet will likely be much more helpful than ever before.
How to Become a Coremaker Apprentice
Wow, awesome weblog structure! How lengthy have you been blogging for? you make blogging glance easy. The entire glance of your web site is excellent, as neatly as the content!
How to Write a Business Plan for a Customs Administration Business
You completed some good points there. I did a search on the issue and found the majority of folks will have the same opinion with your blog.
Top Places to find Love in Ruzhou (China)
This actually answered my downside, thanks!
How to Write a Business Plan for a Compulsory Social Security Administration Concerning Unemployment Benefits Business
Loving the info on this internet site, you have done outstanding job on the content.
How to Start a Apparel Production Machinery Business (Beginners Guide)
I like this blog very much so much wonderful info .
https://g.co/kgs/d9rpwB
Very clear site, appreciate it for this post.