Sri Lanka Consolidated Acts

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Control Of Insurance Act (No. 25 of 1962) - Sect 6

Application for registration of insurers

6.
(1) Every application for the registration of an insurer under this Act shall be made to the Controller in such form as may be provided for the purpose by the Controller and be accompanied by-
(a) a statement in writing by the insurer that the provisions of section 12 have been complied with, together with a certificate under the hand of the Deputy Secretary to the Treasury specifying the amount deposited under that section by the insurer, and
(b) if such application is by a company-
(i) a certified copy of the memorandum and articles of association of the company, or of the charter," statute, deed of settlement, or other instrument constituting or defining the constitution of the company, and if the instrument is not written in the English language, a certified translation thereof;
(ii) a statement setting out the name, address and occupation, if any, of each of the directors of the company, if it is a Ceylon company; or if it is a foreign company, a list of directors, the address of the registered office or principal place of business in Ceylon of the company or of its principal agent in Ceylon and the full name and address of the manager of the business of the company in Ceylon;
(iii) a statement setting out the class or classes of insurance business carried on or proposed to be carried on in Ceylon by the company; and
(iv) a statement setting out the amount of the paid-up capital of the company.
(2) Every application by a foreign insurance company for registration under this Act shall in addition be accompanied by a statement verified by an affidavit setting out the special requirements, if any, of the nature specified in section 9 imposed by the country in which such foreign company is incorporated, on insurance companies incorporated in Ceylon and carrying on business in that country.
(3) Every application under this section shall be verified by a declaration signed by the person making the application that the statements accompanying the application are true and accurate. Every such decal- ration shall be free of stamp duty.
(4) Every application under this section shall be accompanied by a fee of two hundred and fifty rupees in respect of each class of insurance business carried on or proposed to be carried on by the insurer:


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