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இந்த இடைமுகம் இயந்திர மொழிபெயர்ப்பு செய்யப்பட்டுள்ளது. சட்டங்களும் நீதிமன்றத் தீர்ப்புகளும் அவற்றின் மூல மொழியிலேயே காட்டப்படுகின்றன.

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Part VII · Management by Administration and Winding Up

69. Circumstances under which the District Court may order the winding up of an insurer

அதிகாரப்பூர்வ ஆங்கில மொழிபெயர்ப்பு. சிங்கள அல்லது தமிழ் உரையிலிருந்து வேறுபடும் இடங்களில் எந்த உரை மேலோங்கும் என்பதைச் சட்டமே குறிப்பிடுகிறது.

(1)

The District Court may order the winding up of an insurer in accordance with the Companies Act, No. 17 of 1982, and the provisions of that Act shall, subject to the provisions of this Part of this Act, apply accordingly.

(2)

The District Court may order the winding up of an insurer —

(a)

if a petition in that behalf is presented by holders of not less than one per centum of long term insurance policies issued by that insurer and which have been in force for not less than three years and which will on maturity be of the total value of not less than five hundred thousand rupees ; or

(b)

if the Board, which is hereby authorized to do so, applies in that behalf to the District Court on any of the following grounds, namely —

(i)

that the insurer has failed to comply with the provisions of section 21 or 26 or any directions issued under section 57 ;

(ii)

that the insurer having failed to comply with any requirement of this Act has continued such failure, or having contravened any provisions of this Act, has continued such contravention, for a period of three months after notice of such failure or contravention has been brought to the notice of the insurer by the Board ;

(iii)

that it appears from the returns furnished under the provisions of this Act or from the results of any investigation made thereunder, that the insurer is insolvent ; or

(iv)

that the continuance of the insurer is prejudicial to the interests of the policy holders.

(3)

Where any petition under paragraph (a) of subsection (2) is found to have been made frivolously or vexatiously, the

District Court may make order for the payment by the petitioners of the costs and expenses actually and reasonably incurred by the insurer in consequence of the petition and in the proceedings thereon.

s 70 முதல் தொடர்ந்து படிக்கவும்

Part VIII

Registration of Brokers and Insurance Agents

Part VIII முதல் தொடர்ந்து படிக்கவும்

Part IX

Offences

Part IX முதல் தொடர்ந்து படிக்கவும்

Part X

General

Part X முதல் தொடர்ந்து படிக்கவும்

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