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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 - III GROUP INSURANCE 12. Provincial Employees Insurance Fund.---(1) There shall be established a fund to be called the Provincial Employees Insurance Fund which shall vest in and be held and administered by the Board. (2) All sums received from the employees as premium for the group insurance of the employees and any interest or profit accruing thereon shall be credited to the Insurance Fund. (3) The money credited to the Insurance Fund shall be kept in such banks/financial institutions as the Board may decide, (4) All payments made under section 10, the expenses on any arrangement entered into by the Board with any insurance company or other insurer as provided for in section 11 and all expenses on the administration of the Insurance Fund shall be defrayed from the Insurance Fund. (5) Any sums remaining in the Insurance Fund after defraying the expenses referred to in subsection (4) may be utilized for such purposes connected with the benefit of the employee and their families as the Board may direct.