Circular No.04 of 2024 (20th May 2024) – The regulation of insurance industry Act – Circular Promotion/ Advertisement of 3rd Party Motor Insurance

( 224.05 KB | pdf )

Circular No.03 of 2024 (26th January 2024) – Optional Compensation Scheme for 3rd Party Death and Permanent Disability of Victims of Motor Traffic Accidents

( 321.13 KB | pdf )

Circular No. 02 of 2024 (09th January 2024)- Enforcement procedures of the Insurance Regulatory Commission of Sri Lanka

( 802.18 KB | pdf )

Circular No. 01 of 2024 (8th January 2024) – Eligibility criteria for valuers

( 404.99 KB | pdf )

OCS Circular with Application

( 374.26 KB | pdf )

Circular 1 of 2023 (9th September 2023) – Revising the Circular # 25 on Premium Payment Warranty for policies of General Insurance

( 1.52 MB | pdf )

Circular 01 of 2022((26th January 2022) – Prohibition of providing different quotations (reduction in premium) to same policyholder for the same insurance cover

( 208.41 KB | pdf )

Circular 2 of 2021- [08 Apr 2021] Prohibition of promotion/advertisement of 3rd party Motor Insurance

( 387.05 KB | pdf )

Circular # 1 of 2021 – [23 Mar 2021] Clearance of insurance products prior to launch

( 1.24 MB | pdf )

Clarification on Circular # 1 of 2021 – Actuarial certificate

( 196.48 KB | pdf )

Further Clarification to Circular # 01 of 2021

( 433.20 KB | pdf )

Circular # 43 – [2nd July 2020] Issuing Insurance Policies in three languages

( 803.47 KB | pdf )

Circular # 42 – [25th February 2020] Obtaining loss adjusting services from unlicensed loss adjusters

( 547.74 KB | pdf )

Circular # 41 – [4th November 2019] Enforcement Procedures of the Insurance Regulatory Commission of Sri Lanka

( 1.64 MB | pdf )

Circular # 40 – [25th February 2019] Health Insurance Covers Underwritten by Insurers who carry on Long Term Insurance Business

( 551.78 KB | pdf )

Clarification on Circular #40

( 262.89 KB | pdf )

30 September 2016 – Circular # 39 (amendment to Circular # 38)[This Circular has been disregarded by Circular 1 of 2021]

( 400.36 KB | pdf )

28 April 2016 – Circular #38 Submission of Policy Documents

( 375.44 KB | pdf )

23 Nov 2015 – Circular # 37

( 58.94 KB | pdf )

09 Oct 2015 -Circular # 36 Clarification on Overseas Health Insurance

( 275.53 KB | pdf )

Format ‘A’ Circular 36_Cancellation_of_Circular 32

( 188.79 KB | pdf )

17 Oct 2014 – Circular #35 Eligibility criteria for Valuers (amendment to Circular #30)

( 888.46 KB | pdf )

Circular # 34 – [10 June 2014] Register of Insurance Agents (other than for individuals) (This Circular is no longer effective with the enactment of Gazette No. 1916/10 of 27th May 2015)

( 1.22 MB | pdf )

Circular # 33 – [09 Dec 2013] Supply of Proposal Forms

( 97.66 KB | pdf )

Circular # 32 – [30 Oct 2013] (Cancellation of Item No. 1 of Circular # 4 dated 5th June 2002)

( 1.07 MB | pdf )

Circular # 31 – [30 April 2013] (Cancellation of Circular #18)

( 97.26 KB | pdf )

Circular # 30 – [14 Mar 2013] IBSL Guidelines/Instructions/Information to Insurers-Valuation of Land and Building (Please refer Circular # 35)

( 1.51 MB | pdf )

Circular # 29 – [23 Aug 2010] IBSL Guidelines/Instructions to Insurers

( 122.05 KB | pdf )

Circular # 28 – [12 Aug 2010]

( 480.98 KB | pdf )

Circular # 27 – [23 Dec 2008] Management letter issued by external auditors of insurance companies

( 667.72 KB | pdf )

Circular # 26 – [08 Feb 2008] Determination # 8 – 30 / 10 / 2002

( 570.70 KB | pdf )

Circular # 25 – [01 Dec 2006] Premium payment warranty for policies of general insurance

( 484.73 KB | pdf )

Circular # 24 (Amended) [1 Aug 2006] (This Circular has been disregarded by the Circular # 28 [12 Aug 2010])

( 520.60 KB | pdf )

Circular # 24 [17 Jul 2006] (This Circular has been disregarded by the Circular # 28 [12 Aug 2010])

( 520.58 KB | pdf )

Circular # 23 – [07 Jun 2006] Interim Financial Statements of Insurance Brokering Companies (This Circular has been disregarded by Circular # 28 dated 12th August 2010)

( 985.42 KB | pdf )

Circular # 22 – [14 Feb 2006] Accounting and Financial Statement Presentation Practices of Insurers -the Circular is currently not applicable

( 98.77 KB | pdf )

Circular # 21 [7 Sep 2005] (This is applicable subject to the Section 83 of the RII (Amendment) Act No. 03 of 2011)

( 539.75 KB | pdf )

Circular # 20 [25 May 2005] (Not applicable in view of amendment to Determination 9[13 Aug 2018])

( 408.51 KB | pdf )

Circular # 19 – [18 Apr 2005] Submission of Audited Annual Accounts, Actuarial Report and Statutory Reports

( 723.12 KB | pdf )

Circular # 18 (Amended)[22 Dec 2006] (This Circular has been disregarded by the Circular # 31 [13 Apr 2013])

( 484.04 KB | pdf )

Circular #18 [18 Jan 2005] (This Circular has been disregarded by the Circular # 31 [13 Apr 2013])

( 479.89 KB | pdf )

Circular # 17 – [29 Oct 2004] Guidelines on recommendations relating to resident visas

( 118.96 KB | pdf )

Circular # 16 – [29 Oct 2004] Compliance with sections 34 & 78(1) of the RII Act

( 94.88 KB | pdf )

Circular #15 [29 Oct 2004] Renewal of Registration (Not applicable from 7 Sep 2005 in view of Circular #21)

( 417.62 KB | pdf )

Circular # 14 – [02 Aug 2004] Principal Officers of Insurance Broker Companies

( 92.18 KB | pdf )

Circular # 13 [08 Jul 2004] (This Circular has been disregarded by Circular # 28 [12 Aug 2010])

( 407.52 KB | pdf )

Circular # 12 – [27 Feb 2003] 1. Priority Asset Protection Insurance Brokers (Pvt) Ltd. 2. Grant of a Licence to an Insurer

( 529.86 KB | pdf )

Circular # 11 [30 Oct 2002] (Not applicable in view of Circular 20 [20 May 2005])

( 401.32 KB | pdf )

Circular # 10 – [30 Oct 2002] Qualifications of Insurance Agents

( 93.76 KB | pdf )

Circular # 9 – [29 Aug 2002] Procare Insurance Brokers (Pvt) Ltd

( 466.49 KB | pdf )

Circular # 8 – [26 Aug 2002] Order under Section 7 of the Regulation of Insurance Industry Act No. 43 of 2000

( 453.65 KB | pdf )

Circular # 7 – [11 July 2002] Directors and employees liability insurance

( 87.74 KB | pdf )

Circular # 6 – [01 Jul 2002] RO-PA Insurance Brokers (Pvt) Ltd

( 392.34 KB | pdf )

Circular # 5 – [14 Jun 2002] Special Foreign Currency Accounts Permitted to Registered Insurers to Collect Insurance Premia in Foreign Currency

( 88.08 KB | pdf )

Circular # 4 – [05 Jun 2002] 1. Overseas Health and Travel Insurance 2. List of Registered Insurance Brokers – Year 2002

( 1.77 MB | pdf )

Circular # 3 – [24 Apr 2002] Approved Auditors

( 84.84 KB | pdf )

Circular # 2 – [6 Nov 2001] Amana Takaful Limited

( 904.92 KB | pdf )

Circular # 1 – [6 Aug 2001] General Awareness

( 2.48 MB | pdf )

Optional Compensation Scheme for death or permanent disability of third-parties due to motor vehicle accidents

( 321.13 KB | pdf )

Circular No. 04 of 2025 (08th December 2025) – Extending the time periods specified in Circular # 03 of 2025 on the Requirements on Premium Payment for Policies of General Insurance

( 240.52 KB | pdf )

Circular No.03 of 2025 (17th November 2025) – Requirement of premium payment for general insurance

( 583.07 KB | pdf )

Circular has been disregarded by Circular No. 01 of 2026 – Circular No.02 of 2025 (30th October 2025) Enforcement procedure for Non-compliances of AML/CFT obligations

( 3.70 MB | pdf )

Circular on Optional Compensation Scheme for 3rd Party Death and Permanent Disability on Motor Traffic Accidents

( 931.78 KB | pdf )