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16 out of 30 brokers licensed : 'Comply with regulations or lose licence'

by SUREKHA GALAGODA

The Insurance Board of Sri Lanka has licensed 16 insurance brokers to engage in business out of the 30 applications received by the Board. According to IBSL sources, by December 30, only 12 brokers had the licence to engage in business. Therefore, the IBSL extended the time till end-January to comply with the requirements it had specified.
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