Revised Laws of Saint Lucia (2021)

4.   Establishment of National Insurance Corporation

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    (1)   The body corporate constituted under section 4(1) of the repealed National Insurance Act, 1978, as the National Insurance Board is preserved and continues in existence as a body corporate for the purposes of this Act but is to be known on the coming into force of this Act, as the National Insurance Corporation.

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    (2)   The corporate identity and the rights and obligations of the body corporate are not affected by the change of name.

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    (3)   The Corporation shall take over, manage, maintain and discharge all assets, liabilities and obligations including all actionable claims held or incurred by the National Provident Fund Board.

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    (4)   The Corporation shall be a body corporate with perpetual succession and a common seal and shall in the corporate name be capable of entering into contracts, of suing and of being sued, of purchasing or otherwise acquiring, holding, leasing, charging, alienate real or personal property, of lending or borrowing money, and of doing or performing all such acts as bodies corporate may by law do or perform.

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    (5)   The Corporation shall have a Head Office in the City of Castries and may establish other offices within the State as they consider desirable.

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    (6)   Service on the Corporation of any notice, order or other document shall be executed by delivering or by sending the same by registered post addressed to the Director, at the Head Office of the Corporation.

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    (7)   All deeds and agreements relating to the property assets or monies of the Fund shall be signed and sealed by the Board under a resolution and shall be authenticated by the signature of the chairperson and Director or of such other person as the Board may appoint.

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    (8)   The Seal of the Corporation shall be kept in the custody of the Director and shall not be affixed to any instrument except by a resolution of the Board, and the sealing of any instrument shall be authenticated in the manner described in subsection (7).

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    (9)   The Corporation shall be responsible for administering the Fund in accordance with this Act.