THE LIFE INSURANCE CORPORATION ACT, 1956 · FINANCE, ACCOUNTS AND AUDIT
Section 26 — Actuarial valuations
The Corporation shall, 1[every year], cause an investigation to be made by actuaries into the financial conditions of the 2[life insurance business of the Corporation, including a valuation of the liabilities of the Corporation in respect thereto], and submit the report of the actuaries to the Central Government.