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srilawsby aturio
As enacted
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Part X · General

101. Overseas insurance

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

(1)

No person in Sri Lanka, shall without the prior written approval of the Board, directly or indirectly place any insurance business with an insurer not registered under this

Act, except in relation to reinsurance business.

(2)

The Board may grant written approval for purpose of subsection (1), only upon taking into consideration the policy of the Government in respect of the insurance industry and the national interest.

Read on from s 102

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