Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsInsurance by the Board
| 17. The Board shall, if so requested by the owner or owners of not less than seventy-five per centum of the number of units of any group of relevant units, insure and keep insured the buildings comprising such units against loss or damage by fire, civil commotion or riot or such other hazards as shall be prescribed and the premium or premia for such insurance shall be paid to the Board by all the owners of the units in proportion to their respective interests: Provided however that the right of the owner of each unit to insure his own unit for his own benefit and on his own account shall not be prejudiced by the preceding provisions of this section. |