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srilawsby aturio
As enacted
Contents

6. Fund of the Board

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

(1)

The Board shall have its own Fund.

(2)

There shall be paid into the Fund of the Board—

(a)

all such sums of money as may be voted from time to time by Parliament for the use of the Board ;

(b)

all such sums of money as may be paid as registration fees under sections 14, 81 and 83 of this Act ;

(c)

all such sums of money paid by insurers as an annual fee under section 16 of this Act ;

(d)

all such sums of money as may be received by the

Board in the exercise, performance and discharge of its powers, duties and functions under this Act ;

and

(e)

all such sums of money as may be received by the

Board by way of loans, donations, gifts and grants from any source whatsoever, whether in or outside

Sri Lanka.

(3)

There shall be paid out of the Fund of the Board, all such sums of money required to defray the expenditure incurred by the Board, in the exercise of its powers, discharge of its functions and performance of its duties.

Read on from s 7

Part II

Registration of Insurers

Read on from Part II

Part III

General Provisions Applicable to Insurers

Read on from Part III

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