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srilawsby aturio
As enacted
Contents

Part VIII · Registration of Brokers and Insurance Agents

81. Application for registration

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

Every application for registration as a broker shall be made to the Board in such form as may be provided for that purpose by the Board, and be accompanied by—

(a)

a certified copy of the Memorandum and Articles of

Association of the company ;

Regulation of Insurance Industry

(b)

a certified copy of the certificate of incorporation of the company ;

(c)

statements setting out particulars relating to —

(i)

the shareholders of the company ;

(ii)

the directors and senior managers of the company ;

(iii)

the fulfilment of the requirements, if any that are laid down by the Board under paragraph (d) of section 80 ;

(d)

a copy of Form 48 issued by the Registrar of

Companies duly perfected and certified ;

(e)

a statement setting out the class or classes of insurance business proposed to be transacted by the company ;

(f)

a statement setting out the amount of the paid up share capital of the company ;

(g)

a fee as determined by the Board by rules made in that behalf, each for long term insurance business and general insurance business ;

(h)

a certified copy of the professional indemnity insurance policy or policies issued by two or more insurers in such form and for such amount as may be determined by the Board ; and

(i)

such other documents and information as may be required to be submitted by the Board.

Read on from s 82

Part IX

Offences

Read on from Part IX

Part X

General

Read on from Part X

Schedules