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Sri Lanka: AIG has to provide a detailed closure plan, says regulatory official


Insurance Board of Sri Lanka's chairperson Indrani Sugathadasa said American International Group Inc. has to present a detailed closure plan explaining its action to deal will issues that would arise after halting its business in the country.

Ms. Sugathadasa said that although the insurer has stopped selling policies, the office at the BOC Merchant Tower in Colombo 3 will be running at least for 18 months, The Sunday Times reported.

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