9. Where by the law or practice of any country other than Ceylon in which any foreign insurance company is incorporated, insurance companies incorporated in Ceylon are required as a condition of carrying on insurance business in that country to comply with any special requirement, whether as to the keeping of deposits or assets in that country or otherwise, which is not imposed under this Act upon companies of that country the Minister may, if satisfied of the existence of such special requirement, by notification published in the Gazette, direct that the same requirement or requirements as similar thereto as may be, shall be imposed upon foreign insurance companies incorporated in that country either-
| (a) as a condition of carrying on business of insurance in Ceylon, or |
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| (b) as a condition of entering into any new contract of long-term business in Ceylon. |
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Sri Lanka Consolidated Acts