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srilawsby aturio
As enacted
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Part III · General Provisions Applicable to Insurers

32. Staff of insurer carrying on insurance business

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

(1)

Every insurer carrying on insurance business shall employ as a specified officer, at least one person possessing the qualification of Associate of the Chartered Insurance

Institute, or an equivalent qualification acceptable to the

Board, and having at least five years post qualification experience, at managerial level.

(2)

A person employed as a specified officer may also function as the principal officer of the insurer, provided such officer possesses the qualifications of a principal officer as determined by the Board under section 94.

Read on from s 33

Part IV

Long Term Insurance Business

Read on from Part IV

Part V

Accounts, Inspection and Investigation

Read on from Part V

Part VI

Publicity

Read on from Part VI

Part VII

Management by Administration and Winding Up

Read on from Part VII

Part VIII

Registration of Brokers and Insurance Agents

Read on from Part VIII

Part IX

Offences

Read on from Part IX

Part X

General

Read on from Part X

Schedules