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srilawsby aturio
As enacted
Contents

Part VII · Management by Administration and Winding Up

77. Policy holders to have a prior claim

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

Where a District Court orders the winding up of an insurer under section 69, notwithstanding the provisions of the Companies Act, No. 17 of 1982 or any written law to the contrary, the policy holders of the insurer shall have a prior claim in the distribution of the assets of such insurer.

Regulation of Insurance Industry

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