6. The Corporation may exercise all or any of the following powers: -
| (a) to acquire, hold and dispose of any movable or immovable property; |
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| (b) to reinsure with any insurer any liability arising out of any policy of insurance issued by the Corporation; |
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| (c) to accept reinsurance of any liability arising out of any policy of insurance issued by any other insurer carrying on insurance business of any kind that is carried on by the Corporation; |
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| (d) to transact such other business as may seem to the Corporation to be capable of being conveniently carried on in connection with the insurance business carried on by the Corporation and to be conducive, directly or indirectly, to render profitable the latter business; |
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| (e) to invest the moneys of the Corporation in such manner as may be determined by the Corporation with the approval of the Minister given with the concurrence of the Minister of Finance and to take all such steps as may be necessary or expedient for the protection or realization of any investment including the management of any property offered as security for an investment; |
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| (f) to advance or lend money to holders of policies of insurance on the security of such policies; |
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| (g) to transfer the whole or any part of the business of life insurance carried on outside Ceylon to any other person if in the interests of the Corporation it is expedient so to do; |
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| (h) to borrow money for the purposes of the Corporation in such manner and upon such security as the Corporation may, with the approval of the Minister given with the concurrence of the Minister of Finance, determine; |
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| (i) to delegate, subject to the general or special direction of the Corporation, to any member or officer of the Corporation any such function of the Corporation as the Corporation may consider necessary so to delegate for the efficient transaction of business; |
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| (j) to establish and maintain a provident fund for persons employed by the Corporation and to make contributions to such fund; |
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| (k) to enter into and perform all such contracts as may be necessary for the exercise of the general functions and powers of the Corporation; and |
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| (l) to do all other things, which in the opinion of the Corporation are necessary, to facilitate the proper carrying on of its business. |
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Sri Lanka Consolidated Acts