THE latest Auditor General’s report on parastatal bodies has revealed that Zambia State Insurance Corporation – Life management paid K11,832,599 for the procurement of fuel, but there were no receipt and disposal details showing how the fuel was utilised. According to the report, ZSIC Life had outstanding claims in amounts totalling K97,151,000 and reinsurance claims in amounts totalling K7,802,000 had been outstanding as at December 31, 2023. “Regulation 7 of the Public Finance Management (Public Stores) Regulations of 2022 states, ‘An office holder in charge of stores shall maintain the following books, records or registers: stores ledger; stores demand, issue and receipt vouchers; Stock Receipt Cost Sheet; or any other document as may be determined by the Secretary to the...