4. The following new section is hereby inserted immediately after section 35 of the principal enactment and shall have effect as section 35A, of that enactment:
| 35A. Where the Minister is satisfied that the Central Board or any Regional Transport Board has established an adequate insurance reserve to meet liabilities arising in respect of third-party risks, the Minister may, by Order published in the Gazette, exempt the Central Board or any Regional Transport Board from the operation of the provisions of subsection (1) of section 99 of the Motor Traffic Act with effect from such date as shall be specified in such Order.". |
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Sri Lanka Consolidated Acts