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As enacted
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22. Insertion of new section 112A of the principal enactment

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

The following new section is hereby inserted immediately after section 112 of the principal enactment and shall have effect as section 112A of that enactment:—

112A. (1) Where a person in whose favour the Certificate of Insurance has been issued in accordance with the provisions of this Chapter transfers to another person the ownership of the motor vehicle in respect of which such insurance was taken together with the policy of insurance relating thereto, the Certificate of

Insurance and the policy described in the

Certificate shall be deemed to have been transferred in favour of the person to whom the motor vehicle is transferred with effect from the date of its transfer.

Explanation – For the removal of doubts, it is hereby declared that such deemed transfer shall include the transfer of rights and liabilities of the said

Certificate of Insurance and policy of insurance.

(2)

The transferee shall apply within forty-four days from the date of transfer in the prescribed Form to the insurer for making

“Transfer of

Certificate of

Insurance.

necessary changes in regard to the fact of transfer in the Certificate of Insurance and the insurer shall make the necessary changes in the Certificate and the policy of insurance in regard to the transfer of insurance.”.