Section 26 in The Life Insurance Corporation Act, 1956
26. Actuarial valuations. -
The Corporation shall, [every year], cause an investigation to be made by actuaries into the financial condition of the [life insurance business of the Corporation, including a valuation of the liabilities of the Corporation in respect thereto] [ Substituted by Act 33 of 1965, Section 2, for " business of the Corporation, including a valuation of the liabilities of the Corporation" (w.e.f. 29.9.1965).], and submit the report of the actuaries to the Central Government.
