Sri Lanka Consolidated Acts

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Regulation Of Insurance Industry Act (No. 43 of 2000) - Sect 95

Register of policies

95. Every insurer, and broker shall maintain a register in such form as may be determined by the Board Policies by rules made in that behalf, which shall contain"
(a) details of every policy issued, giving the name and address of the policy holder;
(b) the date on which the policy was issued and she policy number ;
(c) the amount of premium received and commission paid to insurance agents and brokers :
(d) the sum insured and the date of commencement of the policy ;
(e) particulars of claims made and dates on which such claims were paid and the amounts paid ; and
(f) in the event of a claim being repudiated, reasons for such repudiation and in the event of partial settlement, the reasons there for.


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