The Insurance Regulatory Commission of Sri Lanka (IRCSL) celebrated its 20th anniversary on March 1. The IRCSL is established in terms of provisions of the Regulation of Insurance Industry Act, No 43 of 2000 with effect from March 01, 2001, the Commission said in a media release.
Being the regulator of the insurance industry, the IRCSL regulates, supervises and facilitates the development of the insurance industry for the last 20 consecutive years with the object of safeguarding the interest of policyholders. The main object and responsibility of the IRCSL is to ensure that insurance business in Sri Lanka is carried on with integrity and in a professional and prudent manner with a view to safeguarding the interest of policyholders and potential policyholders.
The IRCSL has constantly implemented regulatory measures for the development of the Insurance Industry since its establishment in the year 2001. During the 20 years, the IRCSL has achieved many milestones.
The IRCSL will celebrate its 20th anniversary by relaunching the IRCSL website providing more user-friendly and content driven information; and launching of the IRCSL YouTube Channel, Facebook and LinkedIn Pages to disseminate messages on insurance; and by recognising its long-standing employees.
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
Leave Comments