Professional Documents
Culture Documents
apportion among the governments any disposable surplus that it may declare from the operations
of the Fund.
Functions
a. Identify and provide promptly all government property and projects with the proper risk analysis
and adequacy of insurance cover thru effective strategies and operational tactics;
b. Adopt at all times the correct rates, terms and conditions, clauses and warranties on all tariff and
non-tariff business;
c. Settle all justifiable claims judiciously and within specified timeframes and quality standards;
d. Reinsure the appropriate amounts with stable and credible reinsurers at the proper time; and
e. Collect all monies due the Government Insurance Fund when these become due and demandable.