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हमारी जो ६ बीमा कम्पनियां पहले से चल रही थीं, इनके अलावा इसमें काफी कम्पनियों को समाहित किया गया है। उनको लाइसेंस देने का, उन पर नियंत्रण करने का इस विधेयक के माध्यम से यह अधिकार प्रदत्त करता है, इसलिए मैं इस विधेयक का समर्थन करता हूं।
MR. DEPUTY-SPEAKER:  Shri Mahtab, you may speak now. Your Party has been allotted only three minutes.
SHRI B. MAHTAB :  Initially, I should say that the Business Advisory Committee had allotted two hours for this Bill.
उपाध्यक्ष महोदय : जो चार्ट मेरे पास है, उसके अनुसार आपकी पार्टी का समय तीन मिनट है।
...( व्यवधान)
SHRI B. MAHTAB :  There is no point in speaking for three minutes. What can I say in three minutes?
MR. DEPUTY-SPEAKER:  Please give your suggestions only.
SHRI B. MAHTAB :  There is no point in speaking on this Bill in three minutes.  I decline to participate in this discussion.
उपाध्यक्ष महोदय : आप ४-५ मिनट बोल लें, इसमें क्या है।
...( व्यवधान)
उपाध्यक्ष महोदय : यह जरूरी तो नहीं कि हर सबजैक्ट पर आपको लम्बी ही बोलना है।
...( व्यवधान)
   
SHRI B. MAHTAB : Sir, in this Bill, it is not only that a society is converted into another institute but there are also a number of other factors like the definition of actuaries which have to be discussed.   This Bill had come up during the NDA regime itself.  But, subsequently, when this Bill was moved in March, 2005, the definition of actuaries was the main component. The impact that it is going to have is not being discussed.   Initially, of course, the Minister has stated certain facts about the history of the Actuaries Act of 1943, the Societies Registration Act and subsequently how it has progressed.  But then for the last many years, actuaries have been confined to a specific work. Now, with the expansion of the activities of insurance, it is no more confined to life insurance.  The insurance sector had multiplied manifold.  And with the expansion of insurance, a number of private players have come in and thus, the job of actuaries has increased manifold.  A number of stakeholders have also come in and hence, there is a need for regulation and definition.  That was the main reason why the previous Government had brought this Bill and the UPA Government has brought this Bill with the suggestion of definition.
            I thank the hon. Members for extending support to this Bill, and I can assure them that any suggestion made by them in future would be taken into account  by the Government.
            Now, I request that the Bill may be passed.
 
SHRI B. MAHTAB (CUTTACK): Sir, I have a small clarification to seek.  I had mentioned about the mortality and morbidity case.  It was for establishment of Mortality and Morbidity Investigation Bureau (MMIB).   I would like to know from the hon. Minister whether the Government is thinking of establishing the MMIB in the near future.  That is not there in the Bill.