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

Sri Lanka Consolidated Acts

Offence of carrying Commencing any insurance business without registration or of carrying on any class of insurance business not authorized

90. Any company which"

(a) carries on insurance business, or commences any insurance business, without being duly registered under this Act ; or

(b) carries on any type of insurance business which it is not authorized to carry on under a licence issued under section 15 of this Act.