Section 2, The Insurance Act, 2016

(1) There shall continue to be in existence a body to beknown as the Sierra Leone Insurance Commission. (2) The Commission shall be a body corporate having perpetual succession and capable of acquiring, holding and disposing of any property, whether movable or immovable, and of suing and being sued in its corporate name, and subject to this Act, performing all such acts as bodies corporate may by law perform. (3) The Commission shall have a common seal the use of which shall be authenticated by the signatures of the Chairman and other member of the Commission generally or specifically authorised by the Commission for that purpose. (4) The Commission shall have power for the discharge of its functions under this Act to acquire and hold any movable or immovable property, to dispose of such property and to enter into any contract or other transaction.