Sri Lanka Consolidated Acts

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Regulation Of Insurance Industry Act (No. 43 of 2000) - Sect 101

Overseas insurance,

101.
(1) No person in Sri Lanka, shall without the prior written approval of the Board, directly or indirectly place any insurance business with an insurer not registered under this Act. except in relation to reinsurance business.
(2) The Board may grant written approval for purpose of subsection (1). only upon taking into consideration the policy of the Government in respect of the insurance industry and the national interest.

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