12-02-2009, 01:55 PM
According to Securities and Exchange Commission Act,1997 it is the function of SECP to promote education relating to insurance see clause f(d) of sub section 4 of section 20 of the said Act.
The extract from SECP Act are as follows
"to promote the establishment and development of professional and educational organizations connected with insurance business with a view to improving the quality of insurance services in the country"
Accturail science is obviously related to insurance business so it is the statutory obligation of SECP to work in this connection it is also the duty of Commission to promote establishment of educational institite for the promotion of accturial scinece. But I wouder why SECP do not ful filling its obligation.
The extract from SECP Act are as follows
"to promote the establishment and development of professional and educational organizations connected with insurance business with a view to improving the quality of insurance services in the country"
Accturail science is obviously related to insurance business so it is the statutory obligation of SECP to work in this connection it is also the duty of Commission to promote establishment of educational institite for the promotion of accturial scinece. But I wouder why SECP do not ful filling its obligation.