Harsh Shukla
Ceo And Md Of 3 Uk Based Mnc's

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Dear friends,
for the last several years, industries have been paying Public Liability Insurance premiums to insurance companies. it is obvious that the insurance companies (?) must have collected a very huge sum under the heading.
i would like to know how the fund is utilized? i have yet to come across any news wherein it has been indicated that the district collector (who has the authority of disbursing the immediate relief to affected people due to any accident, involving hazardous chemicals) had utilized this fund for the right cause.
my inquiries with some of my friends working in insurance companies have not yielded any satisfactory answer.

Hi Dilip,

When a company pays Public Liability insurance, the premiums are paid to an insurance company.

Should a claim be made by a member of the public (as opposed to an employee, they are covered by Employers Liability Insurance), the claim and any monies awarded are handled by the insurance company. It has nothing to do with the District Collector.

The premiums collected by an insurance company go towards running their business, paying out on claims, creating and maintaining a reserve for future unknown liabilities and of course profit. There is no fund as such for the Collector to draw upon.

The District Collector is entrusted with a wide range of duties in the jurisdiction of the district. While the actual extent of the responsibilities varies in each State, they generally involve:

As Collector:

Land assessment

Land acquisition

Collection of land revenue

Collection of income tax dues, excise duties, irrigation dues etc.

Distribution of agricultural loans

As District Magistrate:

Maintenance of law and order

Supervision of the police and jails

Supervision of subordinate Executive magistracy

Hearing cases under the preventive section of the Criminal Procedure Code

Supervision of jails and certification of execution of capital sentences

As Crisis Administrator:

Disaster management during natural calamities such as floods, famines or epidemics

Crisis management during riots or external aggression

Funds come from State and or Central Government.

As Development Officer:

Ex-officio chairman of the District Rural Development Agency, which carries out various developmental activities

Chairman of the District Bankers Coordination Committee

Head of the District Industries Center

I hope the above helps.

Regards,

Harsh

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