Sri Lanka Consolidated Acts

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Insurance Corporation Act (No. 2 of 1961) - Sect 25

Allocation or reservation of a certain percentage of the surplus to holders of policies of life insurance

25. If as a result of any investigation made under section 24 there is a surplus, the Corporation shall allocate to, or reserve for, the holder of life insurance policies issued, or deemed to be issued, by the Corporation a sum not less than ninety-five per centum of such surplus.


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