7
Function and powers of the Board
Act: Balochistan Provincial Employees Group Insurance Act 2009
Section Provisions
ACT X OF 2009 ACT X OF 2009 BALOCHISTAN PROVINCIAL EMPLOYEES GROUP INSURANCE ACT, 2009 An Act to provide for establishment of a Board for the common benefit of the Provincial employees of the Government and to provide for their group insurance and the matters connected therewith or ancillary thereto [Gazette of Balochistan, Extraordinary, 3rd November, 2009] No.PAB/Legis:V(9)/2009, dated 3-11-2009.---The Balochistan Provincial Employees Group Insurance Act, 2009 having been passed by the Provincial Assembly of Balochistan on 20th October, 2009 and assented to by the Governor, Balochistan on 28th October, 2009 is hereby published as an Act of the Provincial Assembly. Preamble.---Whereas, it is expedient to provide for establishment of the Balochistan Provincial Employees Group Insurance to regulate the Group Insurance of the Provincial employees of the Government of Balochistan and to promote and protect their legitimate interest in the same and to provide for their group insurance and the benefits attach therewith; It is hereby enacted as follows:-- CHAPTER - II BOARD OF TRUSTEES 7. Function and powers of the Board.---The Board shall have powers:-- (a) to settle claims for sums assured under this Act and all matters connected with such claims; (b) to sanction grant from the Group Insurance to the employees or their families in accordance with the provisions of this Act and the rules made thereunder; (c) to do or cause to be done all acts and things necessary for the proper administration and management of the moneys or properties in the Group Insurance; (d) to sanction expenditure connected with the administration and management of the Group Insurance; (e) to make arrangement for the insurance of the life of the employees to give effect to the provisions of this Act; (f) to invest moneys held in the Group Insurance in profitable ventures; (g) to appoint or employ such persons as it considers necessary for the efficient performance of its operations on such terms and conditions as it may determine; and (h) to do or cause to be done all things ancillary or incidental to any of the aforesaid powers or to the purposes of the Group Insurance.