Sri Lanka Consolidated Acts

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Insurance Corporation Act (No. 2 of 1961) - Sect 24

Actuarial investigation into the financial condition of the life insurance business of the Corporation to be made once at least in every five years

24. The Corporation shall, once at least in every five years, cause an investigation to be made by an actuary or actuaries into the financial condition of the life insurance business of the Corporation including a valuation of the liabilities of the Corporation relating to its life insurance business. The Corporation shall transmit the report of the actuary or actuaries to the Minister who shall cause copies thereof to be laid before the Senate and the House of Representatives.


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