Civil Aviation Act 2010 · As enacted · Chapter VIII · Aircraft Operation
75. Liability insurance
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
Every holder of an Air Operator Certificate or a
Foreign Air Operator Certificate, as the case may be, operating within Sri Lanka or internationally, to, from or through Sri Lanka, shall keep in force at all times a liability insurance adequately covering his liability for death or bodily injury to passengers which may be caused by an accident and for the loss of or damage to baggage, cargo or mail, due to any event during the period of carriage and for the delay in the carriage of passengers, baggage, cargo or mail. Such person shall also be required to have a valid and adequate insurance policy covering his liability for damage that may be caused by the aircraft to third parties, on the surface or in the air.
In determining the adequacy of the liability insurance cover referred to in subsection (1), a holder of an Air
Operator Certificate or a Foreign Air Operator Certificate, as the case may be, shall take into consideration whether:—
the insurance provides a comprehensive cover for actual and potential obligation of the person insured, in respect of all of his proposed activities;
the insurer is authorized to effect such insurance under the laws of the country where the aircraft is registered or the country where the insurer has his residence or the principal place of business and whose financial responsibility has been verified;
and
the insurance provides comprehensive cover for obligations that may arise due to death, bodily injury or damage to property caused by the aircraft to third parties on surface or in the air.
The Director General shall determine the minimum limits of insurance cover that is required to be obtained, depending on the nature and scope of operations being carried on by the holder of the relevant Certificate.
Chapter IX
Commercial Air Transportation
Chapter X
Offences and Penalties
Chapter XI