Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsLiability of directors, &c., for loss due to contravention of section 33
| 34. If by reason of a contravention of any of the provisions of section 33 any loss is sustained by an insurer or by any policy holder of that insurer, every director, manager, or officer of that insurer who is knowingly a party to such contravention shall, without prejudice to any other penalty to which he may be liable under this Act, be severally liable to make good the amount of such loss. |