5. For the purpose of fulfilling its object and responsibility, the Board may exercise, perform and discharge all or any of the following powers, duties and functions"
| (a) register as insurers persons carrying on insurance business in Sri Lanka ; |
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| (b) register persons as insurance brokers ; |
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| (c) advise the Government on the development and regulation of the insurance industry ; |
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| (d) implement the policies and programmes of the Government with respect to the insurance industry ; |
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| (e) employ such officers and servants as may be necessary for the purpose of exercising, performing and discharging the powers, duties and functions of the Board |
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| (f) acquire and hold any property, movable or immovable and sell, lease, mortgage or otherwise dispose of the same ; |
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| (g) enter into all such contracts as may he necessary for the exercise, performance and discharge of its powers, duties and functions ; and |
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| (h) do all such other acts as may be necessary for the due exercise, discharge and performance of its powers, duties and functions under this Act. |
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Sri Lanka Consolidated Acts