Sri Lanka Consolidated Acts

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Control Of Insurance Act (No. 25 of 1962) - Sect 58

Penalty for withholding documents or property from administrators

58. If any director of an insurance company or any officer in charge of the business of an insurer fails to deliver to the administrator any book of account, register or any other documents in his custody, relating to the business of the insurer or insurance company the management of which has vested in the administrator, or retains any property of such insurer or company, he shall be guilty of an offence and shall be liable to imprisonment of either description for a period not exceeding six months, or a fine not exceeding one thousand rupees or both such imprisonment and fine,


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