4. Amendment of section 13 of the principal enactment

Section 13 of the principal enactment is hereby amended by the insertion immediately after paragraph (d) of that section, of the following new paragraphs :—

“(dd)

shall accept reinsurance of any liability arising out of any contract or policy of insurance effected or issued by any person carrying on insurance business ;

(ddd)

may reinsure with any insurer in or outside Sri

Lanka any liability arising out of any contract or policy of insurance effected or issued by the

Board ;”.