19.
| (1) No insurer shall reinsure with any person in Ceylon other than an insurer or with any such institution as may be declared by the Minister by notification published in the Gazette any risk under any policy or contract of insurance issued or effected in respect of insurance business transacted in Ceylon. |
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| (2) Every insurer shall, not later than three months after the appointed date, furnish to the Controller a list of the insurers (together with their addresses), with whom that insurer has reinsured risks upon policies or contracts of insurance issued or effected in respect of insurance business transacted in Ceylon and shall whensoever reinsurance is effected with an insurer whose name is not in such list furnish the name and address of such last-mentioned insurers to the Controller. |
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| (3) The Controller may from time to time, by order published in the Gazette or by special order addressed to any insurer, prohibit all insurers or any specified insurer, as the case may be, from reinsuring with any specified insurer outside Ceylon risks upon policies or contracts of insurance issued or effected in respect of insurance business transacted in Ceylon: |
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Sri Lanka Consolidated Acts