Page:Gilgit Baltistan Civil Servants Health & Life Insurance Act, 2019.pdf/3

Rh (2) The Board shall consist of the following, namely:
 * (i) Chief Secretary, Government of the Gilgit-Baltistan Chairman
 * (ii) Secretary to Government, Finance Department Member
 * (iii) Secretary to Government, Law & Prosecution GB Member
 * (iv) Secretary to Government, Service & GA Department Convener
 * (v) Secretary to Government, Health Department Member
 * (vi) Two representatives of the civil servants (one from BS-01 to 16 and the other from BS-17 and above) to be nominated by Government for a period of two years

(3) The principal office of the Board shall be at Gilgit.

(4) The Services & GA Department of the Government shall provide Secretariat support to the Board.

4. Powers of the Board.—the Board shall—
 * (i) Approve selection of the insurance company for the purpose;
 * (ii) Make policies and procedures for the purpose of this Act;
 * (iii) Settle claims for health and life insurance and all matters connected with such claims;
 * (iv) Sanction grant from the Fund to the civil servants or their families in accordance with the provisions of this Act and the rules made thereunder;
 * (v) Invest surplus money held in the Fund in profitable ventures especially in Islamic mode of investment;
 * (vi) Control, supervise and administer the assets of the Fund in such manner as to promote the purpose for which the Fund is established;
 * (vii) Determine and revise the rates of contribution and amounts of benefit as it may deem necessary;