Control Of Insurance Act (No. 42 of 1986)

Sri Lanka Consolidated Acts

Amendment of section 6 of the principal enactment

5A. Section 6 of the principal enactment is hereby amended as follows:-

(a) in subsection (1) of that section

	(i) by the substitution in paragraph (a), for the words" by the insurer, and ", of the words " by the insurer; " ;

(ii) by the repeal of paragraph (b) of that section and the substitution therefor of the following paragraphs:

(b) a certified copy of the memorandum and articles of association of the company;

(d) a certified copy of the certificate to commence business issued by the Registrar of Companies;

(e) a statement setting out the prescribed particulars relating to-

(f) a statement setting out the class or classes of insurance business proposed to be carried on by the company; and

(g) a statement setting out the amount of the paid up share capital of the company. ".

(b) by the repeal of subsection (2) of that section; and

"(4) Every application for registration under this section shall be accompanied by-

(a) the prescribed fee; and

(b) a scheme of work or business plan for a period of three years, submitted for the approval of the Controller.".