Sri Lanka Consolidated Acts

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Insurance (Special Provisions) Act (No. 22 of 1979) - Sect 10

Chairman of the Board of Directors

10.
(1) If the Chairman is by reason of illness or absence from Sri Lanka temporarily unable to perform the duties of his office the Minister may appoint any other member to act in place of such Chairman.
(2) The Chairman shall unless he vacates the office of Chairman by resignation or is removed therefrom, hold office for the period of his membership of such Board.
(3) The Chairman may resign his office by letter to that effect addressed to the Minister.
(4) The Minister may, if he considers it necessary to do so, without assigning any reason therefor terminate the appointment of any member as Chairman of the Board of Directors and appoint any other member as Chairman of such Board.


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