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Life Insurance Corporation Act, 1956


28. Surplus how to be utilised.-

If as a result of any investigation undertaken by the Corporation under section 26 any surplus emerges, not less than 95 per cent of such surplus shall be allocated to or reserved for the policy holders of the Corporation and the remainder may be utilised for such purposes and in such manner as the Central Government may determine.



Life Insurance Corporation Act, 1956 Back




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