https://www.taxtmi.com/acts?id=55709 Life insurance IIOs must maintain separate funds for participating and non-participating policyholders and adopt a Board-approved policy governing surplus distribution. Relevant surplus-distribution provisions must be disclosed to policyholders and reflected in the IIO's books of account. The approved policy must be furnished to the Authority whenever directed. en-us Tue, 22 Sep 2026 13:01:49 +0530 Tue, 22 Sep 2026 13:01:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55709 Life insurance IIOs must maintain separate funds for participating and non-participating policyholders and adopt a Board-approved policy governing surplus distribution. Relevant surplus-distribution provisions must be disclosed to policyholders and reflected in the IIO's books of account. The approved policy must be furnished to the Authority whenever directed. Act-Rules Indian Laws Tue, 22 Sep 2026 13:01:49 +0530 https://www.taxtmi.com/acts?id=55709