The insurance Companies are required to submit their Annual Statutory Returns (Annual Returns & Life Insurance Actuarial Abstracts) on or before 30th June, for the year ending 31st December of the previous year as required in terms of Determination 05 & 06 of 2002, made under section 47 & 48 of the Regulation of Insurance Industry Act No. 43 of 2000.
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The Following Companies submitted their Annual Statutory Returns for the year-ended 31.12.2007, as indicated below.
|
Insurance Company |
Date of submission |
Actuarial Certificate
of Technical
Reserves (Note1) |
Auditors opinion
for General Insurance Solvency(Note2) |
| 1. ABC Insurance Company Ltd |
22 July 2008 |
− |
√ |
| 2. Allianz Insurance Company Lanka Ltd |
30 April 2008 |
√ |
√ |
| 3. Amana Takaful PLC |
27 June 2008 |
√ |
√ |
| 4. Asian Alliance Insurance PLC |
26 May 2008 |
√ |
√ |
| 5. Ceylinco Insurance PLC |
30 June 2008 |
√ |
√ |
| 6. Ceylinco Takaful Ltd |
04 July 2008 |
− |
√ |
| 7. Cooperative Insurance Company Ltd |
24 June 2008* |
− |
√ |
| 8. Eagle Insurance PLC |
30 June 2008 |
√ |
√ |
| 9. Hayleys AIG Insurance Company Ltd |
30 June 2008 |
− |
− |
| 10. HNB Assurance PLC |
16 April 2008 |
√ |
√ |
| 11. Janashakthi Insurance Company Ltd |
30 June 2008 |
− |
√ |
| 12. Life Insurance Corporation (Lanka) Ltd |
01 July 2008 |
N/A |
N/A |
| 13. Seemasahitha Sanasa Rakshana Samagama |
25 June 2008* |
− |
√ |
| 14. Sri Lanka Insurance Corporation Ltd |
30 June 2008 |
√ |
√ |
| 15. Union Assurance PLC |
30 June 2008 |
√ |
√ |
|
|
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| * Participating /Non-Participating Balance sheets, Income Statements not submitted |
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| (Note 1) The IBSL requested all the insurance Companies to obtain Actuarial Certification of Technical Reserves (General Insurance), on voluntary basis. The following Companies submitted their Actuarial Certification of Technical Reserves along with Annual Statutory Returns. |
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| (Note 2) The IBSL requested all the insurance Companies to obtain Auditors opinion on General Insurance Solvency, on voluntary basis. |
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