Individual decision · SECP · 28 Apr 2021
The Securities and Exchange Commission of Pakistan registered Postal Life Insurance Company Limited to carry on life insurance business under clause (a) of sub-section (1) of section 4 of the Insurance Ordinance, 2000, excluding the classes of life insurance business under clauses (b), (c) and (d) of that sub-section. Registration took effect from August 26, 2020, and the company was allowed commencement of business with effect from January 20, 2021.
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- Islamabad, the 22nd April, 2021
S.R.O. 507 (I)/2021.- Pursuant to sub-section (1) of section 10 of the Insurance Ordinance, 2000 (XXXIX of 2000) (hereinafter referred to as the “Ordinance”), it is hereby notified that the Securities and Exchange Commission of Pakistan, in exercise of powers conferred under sub-section (1) of section 7 of the Ordinance, has registered “Postal Life Insurance Company Limited” to carry on life insurance business as provided under clause (a) of sub-section (1) of section 4 of the Ordinance, except the classes of life insurance business as provided under clause (b), (c) and (d) of sub-section (1) of section 4 of the Ordinance, with effect from August 26, 2020 and allowed commencement of business with effect from January 20, 2021.
[File No. ID/MDPRD/PLI-REG/2021]
( Bilal Rasul )
Secretary to the Commission
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“Pursuant to sub-section (1) of section 10 of the Insurance Ordinance, 2000 (XXXIX of 2000) (hereinafter referred to as the “Ordinance”)”
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