NATIONAL INSURANCE COMMISSION ACT
Section 18: Operating fund.
The Commission shall, from time to time, apply the proceeds of the operating fund established in pursuance of subsection (1) (a) of section 17 of this Act(a) to the cost of administration of the Commission;
(b) for reimbursing members of the Board or of any committees set up by the Board, for such expenses as may be expressly authorised by the Board, in accordance with the rates approved by the Minister;
(c) to the payment of salaries, fees or other remuneration, allowances, pensions and gratuities payable to the employees of the Commission; and
(d) for the maintenance of any property vested in the Commission.
Cite this section
Section 18, NATIONAL INSURANCE COMMISSION ACT (1997).
https://repo.podus.ai/laws/national-insurance-commission-act/section/18/