ACT, No. 28 OF 2007

28of2007.pdf
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PARLIAMENT OF THE DEMOCRATIC
SOCIALIST REPUBLIC OF
SRI LANKA
NATIONAL INSURANCE TRUST FUND
(AMENDMENT) ACT, No. 28 OF 2007
[Certified on 18th July, 2007]
Printed on the Order of Government
Published as a Supplement to Part II of the Gazette of the Democratic
Socialist Republic of Sri Lanka of July 20, 2007
PRINTEDAT THEDEPARTMENT OFGOVERNMENTPRINTING,SRILANKA
TO BEPURCHASED AT THEGOVERNMENT PUBLICATIONSBUREAU, COLOMBO 5
Price : Rs. 6.00 Postage : Rs. 5.00

National Insurance Trust Fund (Amendment) 1
Act, No. 28 of 2007
[Certified on 18th July, 2007]
L.D.—O. 13/2007
ANACT TO AMEND THE NATIONAL INSURANCE TRUST FUND
ACT, NO. 28 OF 2006.
BE it enacted by the Parliament of the Democratic Socialist
Republic of Sri Lanka as follows :-
1. This Act may be cited as the National Insurance Trust Short title .
Fund (Amendment) Act, No. 28 of 2007.
2. Section 6 of the National Insurance Trust Fund Act, Amendment
No. 28 of 2006 (hereinafter referred to as the “principal of section 6
of Act,
enactment”) is hereby amended in subsection (1) of that
No. 28 of
section, by the insertion immediately after paragraph (d) of
2006.
that subsection, of the following new paragraph :—
“(dd) the Director-General of the Insurance Board of
Sri Lanka, established by the Regulation of
Insurance Industry Act, No. 43 of 2000;”.
3. Section 11 of the principal enactment is hereby Amendment of
amended in subsection (2) of that section, by the substitution section 11 of the
principal
for the words “three members”, of the words “five members.”.
enactment.
4. Section 13 of the principal enactment is hereby Amendment of
amended by the insertion immediately after paragraph (d) of section 13 of the
that section, of the following new paragraphs :— principal
enactment.
“(dd) shall accept reinsurance of any liability arising
out of any contract or policy of insurance
effected or issued by any person carrying on
insurance business;
(ddd) may reinsure with any insurer in or outside Sri
Lanka any liability arising out of any contract
or policy of insurance effected or issued by the
Board ;”.
5. In the event of any inconsistency between the Sinhala Sinhala text to
and Tamil texts of this Act, the Sinhala text shall prevail. prevail in the
event of any
inconsistency.

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