Section 70: The Insurance Appraisal

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1) An insurer engaged in insurance business shall have its financial position, assets, liabilities and financial position assessed by an actuary appointed with the approval of the Authority.

2) The concerned insurer shall submit a copy of the assessment report provided by the insurer pursuant to sub-section (1) to the Authority.

3) Other provisions relating to the assessment of the actuary shall be as prescribed.

Tagged:
insurance act
nepal law

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Section 84: Inspection and Supervision
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Section 18: Working Area of Cooperative Organisation
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Schedule
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Section 24: Non-Procession of Bids
Section 74B: Right to Remove Obstacles
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Section 4:
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Section 40: Weekly leave
Section 64: Obligations of the main employer
Section 56: Management of Insurance Company
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Section 33: May become members
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Section 3A: Power of Bank to Take Action
Section 109: This Act to be Applicable
Section 54: Measurement, Weights and Size of Coins
Section 34: Deemed to Have Been Done by the Entrepreneur Himself
Section 56: Provision Concerning Extension of Contract Period
Section 48: Discount Operation
Section 92: Auditing
Section 88: Provisions relating to domestic labours
Section 72: Accepting risk based on the property itself
Section 142: Contract not to be concluded
Section 18: Tenure of Office of the Director
Section 28: Meeting of the Board
Section 132: Statutory Limitation to file a complaint
Section 61: Conduct of the Official Involved in Public Procurement Proceedings
Section 90: Work should not be done without a license
Section 14B: Not to carry out banking transactions in an illegal manner
Section 116: Insurer Many Acquire Another Insurer
Section 2: Definitions
Section 88F: New Balance Sheet to be Prepared
Section 119: Power of The Authority to Initiate the liquidation Process
Section 56: No Distribution of Dividend
Section 89: Appointment of a Liquidator
Section 16: Clarification as to Unclear Matter on Bidding or Pre-Qualification Documents
Section 65: To make inspection, supervision and monitoring
Section 176: Special powers of the Ministry
Section 64: Insurance Premium
Section 127: Remuneration for strike or lock-out period
Section 14: Invitation to Bids
Section 78: Special provisions relating to occupational safety and health
Section 60: Able to create a whistleblowing policy
Section 6: Formation of the Board
Section 96: Obligations of inspector or employee
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 20: No Exemption from Liability
Section 39: Meeting General Meeting
Section 7: Prohibition on discrimination in remuneration for equal work
Section 154: Proceeding against contempt of court
Section 88A: Power of the Bank to Carry Out Work of Resolution
Section 26: Remuneration may be repatriated in convertible foreign currency
Section 152: Majority decision to prevail
Section 59: License to be obtained
Section 120: Appointment of a Liquidator
Section 108: Internal management may be made
Section 159: To forward the matter to the body having jurisdiction
Section 26: Rejection of Bids or Cancellation of Procurement Proceedings
Section 92: Registrar
Section 88I: Sequence of Priority of Payment
Section 12: Pre-Qualification to be Determined
Preamble
Section 93: Responsibilities of Insurance Intermediaries
Section 33: Grievance Management
Section 6A: Preparation of Exiting List
Section 24: Investigation and Filing of Cases
Section 164: Decision may be made by the Labour Court
Section 107: Inventory to be prepared
Section 9A: To Receive Payment of Value of Exported Goods
Section 8: Procurement Method to be Selected
Section 73: Investment in Subsidiary Company
Section 68: Formulation of safety and health Policy
Section 27: Monitoring and Inspection of Electronic Commerce
Section 14: Not to Carry Out and Cause to Carry Out Irregular Economic and Financial Transactions
Bonus Act 2030
Section 138: Cooperative Education
Section 32: Prohibition on Vested Personal Interest
Section 146: Government of Nepal to be Plaintiff
Section 54: Medical insurance to be made
Section 78: Claim of Micro-Insurance
Section 138: Punishment may be remitted
Section 106: Fixation of minimum remuneration
Section 74: Obtained Approval While Selling Assets
Section 109: Authority may be delegated
Section 34: Opening of Financial Proposal
Section 37: Power to Make a Directory
Section 75: Repeal and Amendment
Section 124: Payment of Re-insurance Claim
Section 44: Allotment of Shares
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
Section 36: Employees of the Bank
Section 64: Particulars of Foreign Exchange Transactions
Section 42: Assets to be maintained more than liabilities
Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 29: Amendment to Bylaws and Internal Procedures
Section 171: Act Implementation Measurement
Section 18: Method of Submission of Bids
Section 39: Capital of the Bank
Section 28: Two-Stage Bidding
Section 3: Not to open an account or demand cash payment in an unauthorised manner
Section 21: Action not be initiated on the ground of breach of secrecy
Section 7: Not to avail or provide loans in an unauthorised manner
Section 132: Details to be Provided
Section 4: Establishment of An Electronic Platform
Section 84: To be sent for freezing
Section 95: Inspection and Checking of Accounts
Section 59: Nepal Rastra Bank may take over Management
Section 7: Functions not to be Carried out by the Bank
Section 43: Restriction on Distribution of Dividend
Section 98: Report to be submitted
Section 21: Disqualification of the Directors
Section 119: Cooperative may be sought
Section 145: Limitation for Complaint
Section 21: Transaction, Business, Industries, or Project may be operated
Section 144: Notice to be given
Section 22: Audit
Section 42: Substitute leave
Section 103: ………………….
Section 123: Settlement of Insurance Claim
Section 29: Regulation may be framed
Section 82: Credits Recovery Tribunal
Section 25: ……………………………
Section 15: Non-abuse of regulatory opportunity
Section 166: Decisions to be executed
Section 128: Complaint Relating to Payment of Claim
Section 151: Insurance Development Fund
Section 1: Short Title, Extension and Commencement
Section 2: Definitions
Section 90: Account System
Section 88N: Exchange of Reciprocal Assistance
Section 44: Monetary Policy
Section 158: Not being held accountable for actions done with good intentions
Section 8: Electronic Commerce Payments
Section 66: Foreign Exchange Reserve
Section 14: Continuity of existence of the employment relationship despite change in ownership
Section 23: Punishment
Section 10: Restriction on Export and Transmission of Securities
Section 45: Works May be Done or Cause to be Done by Force Account
Section 23: Values, norms and principles of cooperative to be complied with
Section 137: Social Audits may cause to be conducted
Section 83: Dues to recover
Section 64: Public Procurement Monitoring Office
Section 70: Duties of employer towards non-labour
Section 59: Account of Issued Currency
Section 60: Submission of details by licensee
Section 149: No Obstruction for Punishment
Section 28: To be governed as per the prevailing laws
Section 134: Due Amount to be recovered
Section 9B: Acts Not to be Done by the Exporter
Section 80: Provisions concerning Blacklist
Section 141: Punishment
Section 136: Suspension of License or Ban of Insurance Business
Nepal Rastra Bank Act, 2058
Section 162: Coordinate with Public Bodies
Section 160: Procedures of the cases
Section 48: Formation of Accounts Supervision Committee
Section 97: Government of Nepal to be Plaintiff
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 175: Saving of acts done in good faith
Section 60: Public Notice of Procurement Contract
Section 180: This Act not to apply
Section 15: Punishment
Section 10C: Provisions Relating to Repatriation, Investment of, and Transfer of Right in Foreign Exchange
Section 31: Additional remuneration to be paid
Section 21: Bid Security
Section 103: Functions, duties and powers of the Council
Section 10: Coordination with Public Bodies
Section 24: Existing Licenses
Section 86: …………………
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 153: Not to Make Insurance Transactions with Anyone Except Insurer
Section 118: Terms and conditions of services of chairperson and members of Management Committee
Section 163: Power of the Department or Office to decide
Section 23: Notice to be published
Section 122: Arbitral award and collective agreement to be binding
Section 87: Audit of Insurer
Section 76: Bank’s Approval Required for Accepting Deposits or Giving Credits
Section 49: Qualifications of Directors
Section 11E: Power to Arrest
Section 67: Prohibition on collecting fee from labour
Section 43: Functions, duties and powers of Board
Section 4: Description of Goods, Construction Works and Services to be Prepared
Section 116: Recommendation may be made
Section 72: Duties of manufacturers, importers and suppliers
Section 7: Deemed to be a Contract
Section 22: Restriction on employment of foreigners
Section 117: Report to be submitted
Section 85: Exchange of Mutual Cooperation
Section 47: Formation of Board of Directors
Section 48: Review Committee
Section 88M: Final Description of the Work Relating to Resolution to be Submitted
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 9: Procurement to be Made by Inviting Open Bid
Section 127: Person Entitled to Get Payment
Section 105: Provisions relating to meetings of the Council
Section 6: Disclosure of Details
Section 58: Mechanism for Dispute Settlement
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Section 70: The Insurance Appraisal

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