15.
| (1) The date before which contributions are payable by a Contributor shall be specified in the policy and any contributor who fails to pay ten installments shall forfeit the benefits under the policy issued to him. |
|
| (2) Where any Contributor has forfeited the benefits under the policy issued to him, the Board shall issue such Contributor a notice to that effect. |
|
| (3) A Contributor shall have the right to appeal to the Board to validate his policy and the Board shall validate the policy if it is satisfied that the reasons for failure to pay the installments were beyond the control of the Contributor. |
|
| (4) Where the Board decides to validate a policy the Contributor shall be informed of the date before which the arrears of installments have to be paid. The date of such payment shall be the date of validation of the policy. |
|
| (5) Any Contributor aggrieved by the decision of the Board shall have the right of appeal to the Secretary to the Ministry of the Minister whose decision thereon shall be final and conclusive. |
|
|
Sri Lanka Consolidated Acts