Sri Lanka Consolidated Acts

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Regulation Of Insurance Industry Act (No. 43 of 2000) - Sect 77

Policy holders to have a prior claim

77. Where a District Court orders the winding up of an insurer under section 69. notwithstanding the provisions of the Companies Act. No. 17 of 1982 or any written law to the contrary, the policy holders of the insurer shall have a prior claim in the distribution of the assets of such insurer.

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