A special meeting was held recently in the ministry of finace with the adviser,ministres of finance and planning, commerce, post and telecommunication in the chair to discuss the imporant issues which hequire urgent attention of the governmatters,
Amemorandum on some problems of the insurance industry was placed be fore the adviser framed earlier in a meeting held at the office of the association by the higgh-ups of the insurance industry.
the problems are (a)Amendment of the insurance act,1938(b)re-insurance with sbc (c)Enlistment of insurance companies with bankes(d)shifing of insurance prtfolio to the ministry of finance.
Regarding amendment of the insurance act of 1938 the association feels that since there is on parliament at the moment the draft low which was prepared and then scrutinized by the expert committee appointed by the government are now liying with the ministry of commerce a waiting a pproval and enactment may be a dopted through president in view of the urgency of the matter.