5. Amendment of section 12 of the principal enactment

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

Section 12 of the principal enactment is hereby amended as follows :—

(1)

by the insertion immediately after subsection (1)

thereof, of the following new subsection:—

“(1A). Notwithstanding the provisions contained in subsection (1), the National Insurance Trust Fund

Board established by the National Insurance Trust

Fund Act, No. 28 of 2006 shall be deemed to be:—

(a)

a person registered under this Act to carry on insurance business in Sri Lanka ; and

(b)

an Insurer registered under the provisions of this Act to carry on insurance business from the date of coming into operation of this

Act.”;

(2)

in subsection (2) thereof, by the substitution for the words “for long term insurance business or for both general and long term insurance business.” of the words “for long term insurance business.”;

Act, No. 3 of 2011

(3)

in subsection (3) thereof by the substitution for the words and figures “the Social Security Board established by the Social Security Board Act, No.

17 of 1996 and the National Insurance Trust Fund

Board established by the National Insurance Trust

Fund Act, No. 28 of 2006.” of the words and figures

“the Social Security Board established by the Social

Security Board Act, No. 17 of 1996.”.

Read on from s 6