Sri Lanka Consolidated Acts

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Regulation Of Insurance Industry Act (No. 43 of 2000) - Sect 87

Notice to show cause

87. No application for registration as a broker or for a renewal of a certificate of registration already issued, shall be rejected by the Board, without giving notice in writing to the applicant to show cause within such period as specified in the notice, as to why such application should not be rejected, and the application will be rejected where the applicant"
(a) fails to show cause within the time specified ; or
(b) fails to show sufficient cause acceptable to the Board.

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