15.
| (1) Where the Board is satisfied that any company making an application for registration under section 14 has complied with the provision of section (3) of this Act, and where an investigation is conducted under subsection (3) of section 14, the Board is satisfied regarding the suitability of the applicant to be registered, the Board shall register such company as an insurer and shall issue to the insurer a licence in which shall be specified the class, and where necessary the sub-class of insurance business, which such insurer is authorized to carry on. |
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| (2) The licence issued to an insurer under subsection (1) shall be kept at all times at the principal office or place of business of the insurer, and be made available for inspection by any member of the Board, its Director-General or any person authorized by the Board for that purpose. |
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Sri Lanka Consolidated Acts