18. Section 35 of the principal enactment is hereby amended as follows:
| (a) by the substitution in subsection (1) of that section, for all the words from" Every Ceylon insurer" to "to that year" of the words" Every insurer in respect of all insurance business transacted by such insurer, shall at the expiration of each calendar year prepare with reference to that year" ; and |
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| (b) by the repeal of subsection (2) of that section and the substitution therefor of the following subsection:
| | " (2) The accounts and statements referred to in subsection (1) shall be signed in the case of a company by the officers or persons required by the Companies Act, No. 17 of 1982, to sign such accounts and statements and in any other case by the insurer and shall be accompanied by a statement containing the names and descriptions of each of the persons in charge of the management of the business during the period to which such accounts and statements relate and by a report by such persons on the affairs of the business during that period.". | | |
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Sri Lanka Consolidated Acts