Repeal of Determination 9 of 13.08.2018 under Insurance Industry Act, No. 43 of 2000 (dated 27/09/2023) – Insurance Regulatory Commission of Sri Lanka
View Pdf– Repeal of Determination 9 of 13.08.2018 under Insurance Industry Act, No. 43 of 2000 (dated 27/09/2023) – Insurance Regulatory Commission of Sri Lanka.
- The Determination 9 of 13.08.2018 is repealed and replaced by Determination No. 9 of 27.09.2023. Under the section 83(c) of the said act, renewal of registration of fee required to be paid by an insurance broker to Commission is the amount equivalent to 0.5% of the total gross commission income of the broker company for the four quarters immediately preceding the due date of submission of the renewal of registration application, or Rs.150, 000/- whichever is higher. This determination shall be applicable for renewal of registration commencing from 1st January2024. Please refer attachment for more details.
