View All - 2017 Acts Section No : Acts & Ordinances REGULATION OF INSURANCE INDUSTRY (AMENDMENT) ACTMarginal Notes1. This Act may be cited as the Regulation of Insurance Industry (Amendment) Act, No. 23 of 2017.2. Amendment of long title of Act, No. 43 of 2000.3. "Insurance Board of Sri Lanka" and "Board" to be referred to as the "Insurance Regulatory Commission of Sri Lanka" and "Commission" respectively. 4. Amendment of section 13 of the principal enactment.5. Insertion of new sections 15B, 15C and 15D in the principal enactment.6. Amendment of section 78 of the principal enactment.7. Amendment of section 114 of the principal enactment.8. Savings.9. Insurance Regulatory Commission of Sri Lanka to be the successor to the Insurance Board of Sri Lanka.10. Sinhala text to prevail in case of inconsistency.11. Extension of the application of section 5 to the existing insurers.