Section 84: Preparation of Financial Statements

1) The insurance company shall, within thirty days of the expiry of each quarter, submit its quarterly financial statements, including receipts payment accounts, net assets and changes in it, insurance claims, re-insurance claims and investments.

2) The insurance company shall, within six months of the expiry of a financial year, prepare an audited balance sheet and profit and loss account and submit it to the Nepal Insurance Authority in the format prescribed.

3) The insurance company shall disclose the details of its financial position along with its risk position every three months.

4) Other provisions related to the financial statements of an insurance company shall be as prescribed.