Sri Lanka Consolidated Acts

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Regulation Of Insurance Industry Act (No. 43 of 2000) - Sect 6

Fund of the Board

6.
(1) The Board shall have its own Fund.
(2) There shall be paid into the Fund of the Board"
(a) all such sums of money as may be voted from time to time by Parliament for the use of the Board :
(b) all such sums of money as may be paid as registration fees under sections 14, 81 and 83 of this Act ;
(c) all such sums of money paid by insurers as an annual fee under section 16 of this Act ;
(d) all such sums of money as may be received by the Board in the exercise, performance and discharge of its powers, duties and functions under this Act : and
(e) all such sums of money as may be received by the Board by way of loans, donations, gifts and grants from any source whatsoever, whether in or outside Sri Lanka.
(3) There shall be paid out of the Fund of the Board, all such sums of money required to defray the expenditure incurred by the Board, in the exercise of its powers, discharge of its functions and performance of its duties.


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