Sri Lanka, Jan. 20 -- The Cabinet of Ministers has approved a proposal to instruct the Legal Draftsman to prepare the Sri Lanka Insurance Institute Bill, aimed at strengthening the Institute's legal and operational framework.Geographic Reference

The Sri Lanka Insurance Institute, established in 1982, functions as the central professional body for insurance education and training in the country. It is the only institution in Sri Lanka that conducts professional examinations, educational programmes, and training in the insurance sector.

Under the Insurance Industry Regulation Act No. 43 of 2000, passing examinations conducted by the Sri Lanka Insurance Institute on behalf of the Sri Lanka Insurance Regulatory Commission is mandatory for i...