Section 75: Micro Insurance is Required

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Every insurance company shall undertake a micro-insurance business targeting the low-income, indigent and backward-class sectors.

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insurance act
nepal law

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Section 6A: Preparation of Exiting List
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Section 86: Appointment of Auditor of Insurer
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Section 68: International Clearing and Payment Agreements
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Section 4B: Payment for Sale of Goods or Provision of Services to a Foreigner
Section 89: Recommending Action
Section 13: Prohibition of Sale and Distribution
Section 75: Repeal and Amendment
Section 94: Delegation of Authority
Section 10: Goods or Services May be Returned
Section 37: Negotiations with the Proponent
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Section 18: Working Area of Cooperative Organisation
Section 8: Duty of Importers
Section 11A: Designation of Investigating Officer
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Section 38: Functions, Duties and Powers of Annual General Meeting
Section 41: Provision for Direct Procurement
Section 56: Management of Insurance Company
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Section 181: To frame and implement directives and procedures
Section 17: Deadline for Submission of Bids or Pre-Qualification Proposals
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Section 82: Credits Recovery Tribunal
Section 114: Remedial Actions may be taken
Section 36: Employees of the Bank
Section 150: Special provisions relating to regulation, monitoring and supervision
Section 32: Prohibition on Vested Personal Interest
Section 136: Exercise of Voting Right
Section 55: Issuance of Currency and Security
Section 23: Notice to be published
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Section 163: International Aid and Relation
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Section 136: Suspension of License or Ban of Insurance Business
Section 23: Repeal
Section 140: Inter-government transactions may be carried out
Section 84: Inspection and Supervision
Section 89: Appointment of a Liquidator
Section 24: Investigation and Filing of Cases
Section 94: Report on Monetary Policy
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Section 106: Functions, duties and powers of Management Committee
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Section 26: Rejection of Bids or Cancellation of Procurement Proceedings
Section 28: Working hours
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Section 6: Formation of the Board
Section 112: Notice to be given for submission of liabilities
Section 160: Procedures of the cases
Section 168: Power to impose punishment in the event of non-execution of judgment, compromise or agreement
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Section 52: Power to Issue Banknotes and Coins
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Section 43: Functions, duties and powers of Board
Section 88H: Bridge Institution or Unit May be Established
Section 19: Document to be Void
Section 88K: Actions Prior to the Commencement of the Action Relating to Resolution to be Inactive
Section 30: Short List to be Prepared by Soliciting Expression of Interest Openly
Section 86A: Commercial Banks and Financial Institutions to Provide Information to the Bank
Section 14: Not to Carry Out and Cause to Carry Out Irregular Economic and Financial Transactions
Section 2: Definitions
Section 33: May become members
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 11B: To Search for Suspicious Person
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 30: Criteria to be Followed
Section 21: Disqualification of the Directors
Section 20: Validity Period of Bid
Section 80: Arrangements for control of infectious diseases to be made
Section 19: Working Area of Association and Cooperative Bank
Section 12: Employment relationship to be established
Section 85: Exchange of Mutual Cooperation
Section 135: Opportunity to be given to submit clarification
Section 4: Objectives of the Bank
Section 90: Provisions concerning Liquidation
Section 2: Definitions
Section 88D: Power to be Automatically Suspended During the Period of Resolution
Section 19B: Power to request details
Section 140: Termination of time-based and work-based employment
Section 16: Appointment of the Deputy Governor
Section 44: Monetary Policy
Section 54: Variation Order
Section 69: Procurement Transaction May be Carried Out Through Electronic Communications Means
Place and date of commencement of the remaining Sections of the Foreign Exchange (Regulation) Act, 2019
Section 74: Obtained Approval While Selling Assets
Section 111: Guidelines to be Framed and Implemented
Section 88N: Exchange of Reciprocal Assistance
Section 58: Labours may be employed through supplier
Section 102: Formation of Central Labour Advisory Council
Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
Section 88: Establishment of Credit Information Centre
Section 9C: Restriction on Making or Receiving Payment
Nepal Rastra Bank Act, 2058
Section 10: Restriction on Export and Transmission of Securities
Section 52: Limit of Personal Saving
Section 150A: Instructions On Prevention of Money Laundering Must Be Followed
Section 9: Tenure of Chairperson and Members
Section 46: Restriction on sold, mortgaged, or transferred
Section 89: Fiscal Year
Section 79: To give information
Section 36: Rejection of Proposal and Cancellation of Procurement Proceedings
Section 22: Provisions relating to Delivery of Notice
Section 114: Insurer May Merge or be Amalgamated
Section 146: Government of Nepal to be Plaintiff
Section 77: Direction to stop the work
Section 164: Decision may be made by the Labour Court
Section 9: Right to remedy
Section 73: Details to be made available
Section 20: Qualifications of the Directors
Section 63: Blocklisting and Exclusion from the Blocklist
Section 35: May Grant Exemptions, Facilities, or Concessions
Section 174: Delegation of authority
Section 80: Provisions concerning Blacklist
Section 86B: Commercial Bank and Financial Institution Deemed to be Problematic
Section 24: Resignation by Director
Section 34: Termination of membership
Section 73: Duties of labour
Section 110: To be deputed as representative
Section 140: Offence
Section 145: Departmental actions may be taken
Section 88O: Application for Liquidation May be Made
Section 18: Government to be the plaintiff
Section 71: Duties of the responsible person
Section 96: Obligations of inspector or employee
Section 11: Not to stop credit facility in the way to loss working project of borrower
Section 26: Remuneration may be repatriated in convertible foreign currency
Section 27: Acting Governor
Section 9: Formation of Specialised Cooperative Association
Section 127: Person Entitled to Get Payment
Section 48: Formation of Accounts Supervision Committee
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 133: Annual Report Submit
Section 124: Right to lock-outs
Section 29: Granting License
Section 160: Delegation of Authority
Section 8: Right relating to trade union
Section 173: Increment of insurance amount
Section 85: Special provisions relating to construction labours
Section 21: Provisions relating to social security
Section 40: Provision Relating to Sealed Quotation
Section 120: Power to form labour arbitration tribunal
Section 92: Registrar
Section 72: Duties of manufacturers, importers and suppliers
Section 55: Delegation of Powers
Section 102: Measures For the Reformation of Problematic Insurer
Section 126: To freeze transactions, accounts and assets
Section 76: Incorporation of Insurance Company for Micro Business Only
Section 62: Insurance Contract
Section 88L: Other Provisions Relating to Resolution
Section 34: Deemed to Have Been Done by the Entrepreneur Himself
Section 29: Regulation may be framed
Section 5: Restriction on Export and Import of Certain Currency and Bullion
Section 14: Information to be provided to the Authority
Section 58: Books and Accounts
Section 64: Obligations of the main employer
Section 138: Punishment may be remitted
Section 18: Inquiry and Institution of Case
Section 15: Appointment of the Governor
Section 14: Formation of the Board
Section 115: Decision to be made by the Office
Section 24: Restriction on Insurance Business without license
Section 25: Evaluation of Bids
Section 99: Fine for Violation of the Bank’s Regulation
Section 53: To receive gratuity
Section 17: Punishment
Section 170: Fixation of basic remuneration
Section 100: Annual Report to be submitted
Section 158: High Court to perform functions of Labour Court
Section 87: Establishment of Information Network
Section 49: Loan and Refinance to Commercial Banks and Financial Institutions
Section 62: Foreign Exchange Policy
Section 19: Prohibition of Engaging in Improper Commercial or Business Activities
Section 71: Deposit Collection
Section 35: Facilities not to be entitled to
Section 82: Provisions related to re-insurance contracts
Section 103: Special Administration/Management Team
Section 53: Functions, Duties and Powers of the Board
Section 29: Consultancy Services May be Procured
Section 39: Compulsory Reserve Fund
Section 86C: Bank to Take Action Against Problematic Commercial Bank or Financial Institution
Section 122: Arbitral award and collective agreement to be binding
Section 54: Committee or sub-committee may be formed
Section 23: Values, norms and principles of cooperative to be complied with
Section 4: Prohibition on employing in forced labour
Section 12: Power of Bank to Give Direction, Frame By-Law or Issue Order or Notice
Section 52: Contribution for provident fund
Section 45: Prospectus and Issue of Shares
Section 152: Majority decision to prevail
Section 87: Special provisions relating to tourism labours
Section 180: This Act not to apply
Preamble
Section 137: Period for taking decision
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 30: Membership of Organisation
Section 20: Fund of the Insurance Authority
Section 134: Due Amount to be recovered
Section 32: Power to Give Directions
Section 10: Formation of Federation of National Cooperatives
Section 10: Coordination with Public Bodies
Section 16: Trainees may be engaged in work
Section 58: Provisions Relating to Currency Inventory and Issuance of Currency
Section 105: Formation of Management Committee
Section 59: Technical or Management Service Agreement
Section 88E: Notice and Registration of the Work Relating to Resolution
Section 93: Submission of Report to Government of Nepal
Section 143: Special Provision Related with The Insured
Section 109: Authority may be delegated
Section 3: License to be Obtained to Carry on Foreign Exchange Transaction
Section 123: Settlement of Insurance Claim
Section 150: To issue the certificate of experience
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 78: Exemptions, Facilities and Discounts
Section 75: Credit to the Government of Nepal and Purchase of Government Debt Bonds
Section 60: Submission of details by licensee
Section 71: Allocation of Savings
Section 45: Works May be Done or Cause to be Done by Force Account
Section 107: Preparation of New Financial Statements
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