Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsNotice of policy values
| 68. In the winding up of an insurer for the purpose of a cash distribution of assets, the liquidator shall ascertain the value of the liability to each person appearing by the books of the insurer to be entitled to or interested in the policies granted by the insurer and shall give notice of such value to each such person in such manner as the District Court or Winding-up Tribunal may direct; and any person to whom notice is so given shall be bound by the value so ascertained, unless he gives notice of his intention to dispute such value in such manner and within such time as may be specified by the District Court or Winding-up Tribunal. |