7.
| (1) The Corporation shall, subject to the provisions of subsection (3), have the power to appoint such officers and servants as may be necessary for the purposes of the Corporation and to exercise disciplinary control over and dismiss any officer or servant of the Corporation: |
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| (2) The officers and servants of the Corporation shall be remunerated at such rates as the Corporation may determine. |
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| (3) In the appointment of officers and servants, preference shall be given by the Corporation to persons who have been employed under insurers and who have lost their employment by reason of retrenchment effected by the insurers in consequence of their not being able to transact any business of insurance. |
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| (4) The Corporation may appoint any person, who has been employed in the capacity of agent or canvas ser under any insurer carrying on the business of life insurance, as an agent of the Corporation for the purpose of procuring new life insurance business and for servicing such business. Every person so appointed by the Corporation shall be entitled only to commission at such rates as the Corporation may determine. |
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| (5) At the request of the Corporation any officer in the public service may, with the consent of that officer and of the Secretary to the Treasury, be temporarily appointed to the staff of the Corporation for such period as may be determined by the Corporation with like consent, or be permanently employed in such staff. |
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| (6) Where any officer in the public service is temporarily appointed to the staff of the Corporation, subsection (2) of section 26 of the Government- Sponsored Corporations Act shall mutatis mutandis apply to and in relation to him. |
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| (7) Where any officer in the public service is permanently appointed to the staff of the Corporation, subsection (3) of section 26 of the Government- Sponsored Corporations Act shall mutatis mutandis apply to and in relation to him. |
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Sri Lanka Consolidated Acts