Section 14Section 14

s. 14

14 (1) Subject to rules made under this Order, it shall be the function of the controlling Corporation to supervise, control, regulate, co ordinate and guide the activities, business and affairs of the subsidiary Corporations. (2) Without prejudice to the generality of the foregoing provisions, the controlling Corporation shall, in particular, have powerÔÇö (a) to prepare periodical reports on the activities of subsidiary Corporations; (b) to make comparative evaluation of performance of the subsidiary Corporations; (c) to conduct expense analysis for the purpose of ascertaining cost ratios of subsidiary Corporations and causes of difference, if any, of costs between different subsidiary Corporations and of variations thereof; (d) to conduct mortality analysis for the purpose of ascertaining deviation of experienced mortality rates from the assumed mortality rates and causes thereof; (e) to guide and assist the subsidiary Corporations in adopting modern techniques and practices in different fields relating to their functions; (f) to conduct research on insurance subjects and on different types of insurance schemes; (g) to undertake publicity for popularising insurance; (h) to formulate policy on underwriting; (i) to arrange training facilities for administrative staff and sales personnel; (j) to assist the subsidiary Corporations in the matter of rendering efficient service to policy holders; (k) to do all other things connected with or ancillary to any of the matters referred to in sub clauses (a) to (j).