52.
| (1) If it appears to the Board that an investigation or valuation made under section 48 does not properly indicate the condition of the affairs of the insurer by reason of what appears to it to be a faulty basis adopted in the valuation, the Board may after giving the insurer reasonable notice and an opportunity of being heard, cause an investigation and valuation as at such date as it may specify, to be made at the expense of the insurer, by an actuary appointed by the insurer for that purpose and approved by the Board, and the insurer shall place at the disposal of such actuary, all the material required by such actuary for the purposes of the investigation and valuation within such period, not being less than three months, as the Board may specify. |
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| (2) The provisions of subsections (1) and (4) of section 48 relating to the making of abstracts shall apply in relation to any investigation and valuation to be made under this, section : |
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Sri Lanka Consolidated Acts