அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
Section 114 of the principal enactment is hereby amended as follows:-
(1)
by the insertion, immediately after the definition of the expression “classes of insurance business”, of the following new definitions:—
“ “class of insurance business” means general insurance business or long term insurance business;
“foreign holding company” means any company or body corporate which is incorporated or established outside Sri Lanka and which is a holding company of local subsidiary insurance company;”; and
(2)
by the insertion, immediately after the definition of the expression “local authority security”, of the following new definition:—
“ “local subsidiary insurance company” means a person registered to carry on insurance business in Sri Lanka under the provisions of this Act, and includes a company deemed to be registered under section 113(2) of this