Sri Lanka Consolidated Acts

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Control Of Insurance Act (No. 42 of 1986) - Sect 16

Insertion of new section 21A in the principal enactment

14. The following new section is hereby inserted immediately after section 21 of the principal enactment and shall have effect as section 21A of that enactment:
21A.
(1) The Controller may by a notice in writing require any insurer to furnish him with copies of policy forms issued by such insurer and it shall be the duty of such insurer to comply with the requirements of such notice.
(2) The Controller may having regard to the need to ensure that the terms of the contract of insurance covered by such policy form are fair and equitable suggest amendments to any policy form furnished to him under subsection (1) of this section and it shall be the duty of the insurer furnishing such forms to give effect to such amendments. ".


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