ICC Sri Lanka facilitates discussion with insurance regulator

Monday, 28 January 2019 01:29 - - {{hitsCtrl.values.hits}}

The International Chamber of Commerce Sri Lanka (ICCSL) will facilitate a discussion forum for business entities including member companies with the representatives from the Insurance Regulatory Commission of Sri Lanka. This discussion will be followed with an open session giving participants the opportunity to interact and raise questions with the regulator on issues with insurance companies and their contracts.

The forum will discuss marine and air insurance contracts in particular and their legal obligations. Moreover, professionals in the banking industry will be able to liaise directly with the regulator to finds answers to issues they may face when enforcing contracts. The topics covered during the session will include marine and air insurance contracts and different covers, open cover policies, exclusion clauses in contracts and issues faced by bankers, exporters and importers when enforcing an insurance contract.

The session will benefit CXOs, bankers, exporters, importers, legal and compliance officers and will be held on 1 February 2019. More information on this program can be obtained from the ICCSL Secretariat on 0115920067 or by email to [email protected].

ICC Sri Lanka Chairman Dinesh Weerakkody said, “ICC Sri Lanka promotes free and fair trade and responsible business conduct locally in line with our global mandate. As a chamber we strive to connect our members with government institutions to find solutions and answers to issues that come up in their operations and business activities. He further said, “We thank the insurance regulator for providing the opportunity to meet with our membership to clarify their issues on contractual obligations.” The International Chamber of Commerce Sri Lanka (ICCSL) is the domestic chapter of the Paris based international business organisation, the International Chamber of Commerce (ICC). It has a global network of over six million members in more than 100 countries.