Direction No. 6 of 2024 (24.09.2024)- Direction on issuing Insurance Product Information Document by Insurance Companies and Insurance Intermediaries

( 1.08 MB | pdf )

Direction 5 of 2024 (22nd August 2024) Sale of Insurance products to customers of Mobile Network Operators’ (MNOs) and Fixed Line Operators’ (FLOs) through the usage of data and platform of MNOs and FLOs

( 1.81 MB | pdf )

Direction 3 of 2024 (14th May 2024) Direction on advertisements issued by insurers, insurance brokers and insurance agents (No. 03 of 2024)

( 2.76 MB | pdf )

Direction 4 of 2024 (08th May 2024) – Dividend declaration and distribution

( 403.46 KB | pdf )

Direction 2 of 2024 (8th February 2024) – Direction issued to insurers and brokers on qualifications of insurance agents (verification of qualifications of insurance agents)

( 824.05 KB | pdf )

Extension of the deadline to comply with the Direction #2 of 2004 issued on 8th February 2024 on qualifications of insurance agents (Verification of educational qualifications of Insurance agents)

( 244.70 KB | pdf )

Further extension of the deadline to comply with Direction # 2 of 2024 issued on 8th February 2024 on qualifications of insurance agents (verification of educational qualifications of insurance agents)

( 321.99 KB | pdf )

Direction No 1 of 2024 (1st Feb 2024) in Respect of Long-Term Insurance Products

( 466.93 KB | pdf )

Direction 02 of 2023 (27th July 2023) – Principal Officers of Insurance Companies and Insurance Brokering Companies (in place of Direction #5 of 2021 – 16th December 2021 and Direction # 12 of 2017 – 4th December 2017)

( 341.74 KB | pdf )

Direction # 01 of 2023 (19th June 2023) – Regulation of insurance industry act – Condition of average

( 403.60 KB | pdf )

Clarification on Direction # 1 of 2023 – Condition of Average

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Direction # 03 of 2022 (24th August 2022) – Cooling off period, guaranteed and Non-guaranteed benefits and applicable schedules of long term insurance policy.

( 519.99 KB | pdf )

Direction # 02 of 2022 – Revised (25th February 2022)-Revision to Direction # 02 of 2022 (03rd February 2022) on Corporate Governance Framework for Insurers

( 766.02 KB | pdf )

Direction # 02 of 2022 (03rd February 2022) – Revision of Direction # 17(08th June 2020)

( 774.55 KB | pdf )

Direction 01 of 2022 (26th January 2022) – Restriction on Providing Code and Restriction on Changing Codes.

( 314.12 KB | pdf )

Direction No 5 of 2021 (16th December 2021 ) – Revision of Direction #09 (13th May 2016) on Principal Officers of Insurers and Insurance Brokers

( 259.60 KB | pdf )

Direction 4 of 2021 (06th September 2021) – Termination of using Telecommunication Service Providers’ Platforms (Mobile Insurance) and matters connected therewith and incidental thereto.

( 347.41 KB | pdf )

Dividend declaration and distribution (Amendment) 1 of 2021 (30th August 2021)

( 517.21 KB | pdf )

Direction 3 of 2021 (29th July 2021) – Direction #14 (Revised)

( 224.67 KB | pdf )

Direction 1 of 2021 (10th March 2021) – Dividend declaration and distribution

( 947.19 KB | pdf )

Direction 2 of 2021 (24th March 2021) – Restriction on providing codes & Restriction on changing codes.

( 710.59 KB | pdf )

Amendments to Direction 17 on Corporate Governance

( 1.70 MB | pdf )

Direction #22 – Procedure to be followed when conducting inquiries in relation to insurance agents

( 1.63 MB | pdf )

Direction #21 – Alleged Unfair practices of Banks, Finance and Leasing companies (BFLs) towards Insurance Agents and Brokers by forcefully changing existing agents’ code

( 815.25 KB | pdf )

Direction #20 Prohibition of Payments to Parent, Related AND /OR Unrelated Companies by insurers for usage of acronym and / or trade mark

( 485.30 KB | pdf )

Direction #19 – Compliance with minimum net capital requirement (Amendment)

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Direction #19 – Compliance with minimum net capital requirement

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Direction #18 (To all Long Term Insurance companies) – Unclaimed Benefits of long Term Insurance Business

( 510.74 KB | pdf )

Direction 17 (To all insurance companies) – Corporate Governance Framework for Insurers

( 1.38 MB | pdf )

Direction #16 (To all long term insurance companies) – Identification and Treatment of One-Off Surplus

( 5.18 MB | pdf )

Direction #15 (To all long term insurance companies) Procedures on Management of Insurance Funds – Long Term Insurance Business

( 1.95 MB | pdf )

Direction #14 – Industry to refrain from employing persons whose service had been terminated on the grounds of financial misappropriation or fraud

( 922.86 KB | pdf )

Direction #13 (To all insurance companies) – Role and responsibility of the Specified Officer

( 682.64 KB | pdf )

Direction #12 (To all insurance companies and insurance brokering companies) – Principal Officers to provide communications with the Insurance Regulatory Commission of Sri Lanka to their Board of Directors

( 563.28 KB | pdf )

Direction #11 (To all insurance brokering companies) – Overseas Health Insurance

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Direction #10 (To all insurance brokering companies) – Business conducted by Insurance Brokers other than Insurance Brokering Business

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Direction #09 (To all insurance companies and insurance brokering companies) – Role and responsibility of the principal officer of an insurer and an insurance broker

( 294.27 KB | pdf )

Direction #08 (To all long term insurance companies) – Standard Cooling off period for long term insurance products

( 179.13 KB | pdf )

Direction #07 (To all insurance companies and insurance brokering companies) – Changes in Ownership and Control of Insurers and Brokers

( 371.46 KB | pdf )

Direction #06 (A) (To all insurance companies) – Amendment to Direction #06 (a)(i) & (ii)

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Direction #06 (To all insurance companies) – Settlement of Insurance Claims

( 154.08 KB | pdf )

Direction #05 (To all insurance companies and insurance brokering companies) – Engage the services of Insurance Agents (other than individuals)

( 126.61 KB | pdf )

Direction #04 (To all insurance companies) – Use of Common Infrastructure

( 179.85 KB | pdf )

Direction #03 (A) (To all insurance companies) – Amendment to Direction #03(iii)

( 433.81 KB | pdf )

Direction #03 (To all insurance companies) – Principal Officer and Specified Officer of Insurers

( 162.90 KB | pdf )

Direction #02 (Amendment ) Delivery of Policy Documents – 13th March 2020

( 390.14 KB | pdf )

Direction #02(B) (To all insurance companies) – Amendment to Direction #02

( 287.39 KB | pdf )

Direction #02A – Extending the period mentioned in the 1st sub paragraph of the 2nd paragraph from one week to 14 days

( 171.28 KB | pdf )

Direction #02 – Supply of Policy Documents

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Direction #01 – Insurance Brokers in their names to include the expression Insurance Brokers to indicate that such person is carrying on insurance brokering business

( 980.81 KB | pdf )

Cancelled w.e.f.31.05.2024 Direction No. 01 dated 14.10.2004

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Cancelled w.e.f. 31.05.2024 – Direction No. 02 dated 04.01.2005

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Cancelled w.e.f. 31.05.2024_Direction No. 03 dated 04.08.2005

( 392.37 KB | pdf )