Section 82: Provisions related to re-insurance contracts

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1) While undertaking the re-insurance business, the re-insurance company shall approve the format of its re-insurance contract from the Nepal Insurance Authority.

2) The Nepal Insurance Authority may, at any time, give directions to review the terms and conditions mentioned in the re-insurance contract if it has reasons to believe that the contract made between the insurance company and the re-insurance company is against the interest of the insured or such contract do not cover the risks completely

3) Other provisions related to re-insurance contracts shall be as prescribed.

Tagged:
insurance act
nepal law

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Section 105: Provisions relating to meetings of the Council
Section 25: Public Notification of Governor’s Appointment
Section 7: Not to avail or provide loans in an unauthorised manner
Section 41: Allocation of net profit
Section 87: Establishment of Information Network
Section 144: Encouragement may be given
Section 143: Employment may be terminated on the ground of health
Section 104: Functions, Duties and Powers of Special Administration Team
Section 1: Short title and commencement
Section 12: Pre-Qualification to be Determined
Section 9: Transfer of Goods or Services
Section 43: Provision Relating to Renting House and Land and Obtaining Service on Contract
Section 17: Cooperative Organisation to be a Corporate Entity
Section 16: Meeting of the Board
Section 24: Non-Procession of Bids
Section 113: Insurance Business May Be Transferred
Section 111: Formation of labour relation committee
Section 55: Price Adjustment in Procurement Contract
Section 125: Settlement of Small Amount Claim
Section 116: Insurer Many Acquire Another Insurer
Section 63: Blocklisting and Exclusion from the Blocklist
Section 92: Qualifications of Insurance Mediators
Section 138: Cooperative Education
Section 68: Reserve Fund
Section 16: Seller’s Liability
Section 4B: Payment for Sale of Goods or Provision of Services to a Foreigner
Section 130: Insurance Mediation
Section 1: Short Title and Commencement
Section 21: Provisions relating to social security
Section 162: Coordinate with Public Bodies
Section 3: Establishment of the Authority
Section 2: Definitions
Section 140: Offence
Section 12: Flow of Public Information
Section 112: Performance evaluation of labours by enterprise
Section 88C: Function, Duty and Power of Special Administration Team
Section 109: This Act to be Applicable
Section 9: Not to misuse banking resources, means and assets
Section 11I: To Give Receipt
Section 87: Special provisions relating to tourism labours
Section 58: Provisions Relating to Currency Inventory and Issuance of Currency
Section 109: Authority may be delegated
Section 26: Rejection of Bids or Cancellation of Procurement Proceedings
Section 98: To Regulate, Inspect and Monitor
Section 14: Information to be provided to the Authority
Section 8: Not to misuse credit
Section 37: May order capital reduction
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 11: Export and Import May be Carried Out
Section 143: Settlement of Disputes
Section 68: Method of Communication
Section 168: Power to impose punishment in the event of non-execution of judgment, compromise or agreement
Section 20: Not to restrain from working elsewhere
Section 62: Liquid Assets to be maintained
Section 154: Proceeding against contempt of court
Section 10: Goods or Services May be Returned
Section 113: Submission of individual claims
Section 67: Find of a Cooperative Organisation
Section 161: Appeal to the Supreme Court
Section 24: Restriction on Insurance Business without license
Section 106: Notice of the Work
Section 73: Duties of labour
Section 28: Working hours
Section 26: Fulfilment of Vacant Office
Section 82: Special provisions relating to treatment of occupational disease
Section 70: Consultation and Information Relating to External Debt
Section 123: Special provisions relating to the submission of collective claims, demands
Section 24: Investigation and Filing of Cases
Section 64: Particulars of Foreign Exchange Transactions
Section 36: General Meeting
Section 93: Provisions relating to Office and inspectors
Section 37: Power to Make a Directory
Section 112: Notice to be given for submission of liabilities
Section 104: Organisation or Association may be declared problematic
Section 19: Working Area of Association and Cooperative Bank
Section 26: Functions of National Cooperatives Federation
Foreign Exchange (Regulation) Act 2019
Section 28: Internal Procedures may be framed
Section 28: To be governed as per the prevailing laws
Section 20: Reward to be Provision of Information
Section 60: De-registration
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 50: Disqualifications of Directors
Section 38: Insurance Fund
Section 39: Compulsory Reserve Fund
Section 8: Right relating to trade union
Section 24: Objective of Organisation or Association
Section 44: Allotment of Shares
Section 23: Notice to be published
Section 33: Grievance Management
Section 127: Double Fine to be imposed
Section 82: Information to be Furnished to Bank
Section 91: To observe fair labour practice
Section 61: Confidentiality to be maintained
Section 86D: Effect of the Control of the Bank on any Commercial Bank or Financial Institution
Section 47: Failure to Maintain Compulsory Deposit
Section 6: Formation of the Board
Section 131: Operation and Management of Insurance in Province
Section 108: Provisions concerning Payment of Liabilities
Section 106: Fixation of minimum remuneration
Section 30: Short List to be Prepared by Soliciting Expression of Interest Openly
Section 75: Credit to the Government of Nepal and Purchase of Government Debt Bonds
Section 103: Stabilisation Fund
Section 27: Power to Refuse Prior Approval
Section 87: Audit of Insurer
Section 87: Provisions concerning Amalgamation and Division
Preamble
Section 17: Buyer’s Obligations
Section 109: Transfer may be made
Section 32: Can open a branch office
Section 148: No Hindrance to take actions according to prevailing laws
Section 36: Rejection of Proposal and Cancellation of Procurement Proceedings
Section 171: Act Implementation Measurement
Section 76: Incorporation of Insurance Company for Micro Business Only
Section 58: Functions, Duties and Power of Chief Executive
Section 93: Functions, duties and powers
Section 124: Right to lock-outs
Section 48: Review Committee
Section 5A: Approval to be Made
Section 8: Privileges and Facilities to the Bank
Section 45: Prospectus and Issue of Shares
Section 27: Acting Governor
Section 111: Guidelines to be Framed and Implemented
Section 55: Prohibition on Disbursing Credit
Section 62: Conduct to Bidder or Proponent
Section 68: Formulation of safety and health Policy
Section 142: Employment may be terminated on the ground of incompetence
Section 27: Monitoring and Inspection of Electronic Commerce
Section 176: Special powers of the Ministry
Section 42: Special Provision Relating to Ration Procurement
Section 114: Insurer May Merge or be Amalgamated
Section 33: Management Committee
Section 46: Not to be involved in the decision-making process having conflict of personal interest
Section 52: Power to Issue Banknotes and Coins
Section 15: Continuity of existence of employment relationship during the period held in reserve
Section 90: Account System
Section 34: Cancellation of License
Section 156: Establishment of Insurance Institutions
Section 106: Actions not to be Invalid
Section 168: Power to Frame Rules
Section 69: Activities restricted to be carried on by Insurance Company
Section 74: To form safety and health committee
Section 25: Adjudication proceedings and disposal of the case not be affected
Section 61A: Departmental Action to be Taken
Section 63: Management of Foreign Exchange
Section 70: Cooperative Promotion Fund
Section 36: Employees of the Bank
Section 139: Procedures of Taking Actions
Section 164: The Government of Nepal may Issue Directives
Section 37: Negotiations with the Proponent
Section 19: Prohibition of Engaging in Improper Commercial or Business Activities
Section 72: Records to be maintained
Section 41: Provision for Direct Procurement
Section 106C: Government of Nepal May Give Directives
Section 15: Appointment of the Governor
Section 110: Recommendation for Improving Financial Condition of the Insurer
Section 79: Micro-Insurance Regulation Fees
Section 94: Delegation of Authority
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 49: Qualifications of Directors
Section 4: Establishment of An Electronic Platform
Section 46: Restriction on sold, mortgaged, or transferred
Section 61: Obligations of labour supplier
Section 23: Audit Committee
Section 166: Issue Orders and Directives
Section 74B: Right to Remove Obstacles
Section 119: Cooperative may be sought
Section 77: Contract to be made
Section 43: Home leave
Section 104: Office of member of the Council to be vacant
Section 134: Due Amount to be recovered
Section 86: Provisions relating to transport labours
Section 59: Account of Issued Currency
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 83: Direction may be issued
Section 45: Operation of Open Market Transaction
Section 138: Fineable
Section 117: Liquidation of Insurance Company
Section 172: Repeal and Saving
Section 64: Provisions Concerning Withdrawal of Amount and Operation of Accounts
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Section 82: Provisions related to re-insurance contracts

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