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Section 63, The Insurance Act, 2000

Status not yet checkedThe Insurance Act, 2000, Sierra Leone

Notwithstanding anything contained in the Companies Act, an insurance company shall not be wound up voluntarily except for the purpose of effecting an amalgamation or a reconstruction or on the ground that by reason of its liability it cannot continue its business. [Margin: Voluntary winding-up.] [Margin: Cap. 249.]

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