Pioneer Insurance Brokers vs Insurance Board of Sri Lanka – CA NO. OS/2014-2014

In Pioneer Insurance Brokers (Pvt.) Ltd. v. Insurance Board of Sri Lanka and Director General, Insurance Board of Sri Lanka, the court addressed the propriety of administrative actions restricting the Petitioner’s operations as an insurance broker and the refusal to renew its certificate of registration pursuant to the Regulation of Insurance Industry Act, No. 43 of 2000. The case centered on the Petitioner’s application for a Writ of Certiorari to quash letters (P25 and P26) issued by the Respondents and for a Writ of Mandamus compelling the renewal of its registration, as well as a request for interim relief to stay the effect of the impugned letters. The court held that the evidence did not establish mala fides or gross procedural irregularity by the Respondents and determined that the