96. Use of the word “Insurance”

No person, other than an insurer, a broker registered under this Act or an insurance agent of such an insurer or broker, shall, without the written approval of the Board, use as part of its name, title or description, the word “insurance”

or any of its derivatives or any other similar word in any language, to indicate that such person carries on insurance business in Sri Lanka in that name, title or description, or make any representations to such effect in any bill head, letter head, notice or advertisement :

Regulation of Insurance Industry

Provided that nothing in this section shall prohibit an association of insurers or brokers from using the word

“insurance” or any of its derivatives or similar word in any language as part of its name, title or as description of its activities.