Section 90: Work should not be done without a license

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No person shall carry out the functions of Insurance mediators without obtaining a license under this Act.

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insurance act
nepal law

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Section 31: Application to be submitted to acquire membership
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Section 29: Regulation may be framed
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Section 74: Obtained Approval While Selling Assets
Section 109: Authority may be delegated
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Section 122: Arbitral award and collective agreement to be binding
Section 156: Establishment of Insurance Institutions
Section 1: Short Title, Commencement, and Extension
Section 19: Working Area of Association and Cooperative Bank
Section 116: Insurer Many Acquire Another Insurer
Section 40: Computation of net profit and loss
Section 8: Electronic Commerce Payments
Section 173: Increment of insurance amount
Section 23: Punishment
Section 9: Procurement to be Made by Inviting Open Bid
Section 150: To issue the certificate of experience
Section 54: Functions of Cooperative Bank
Section 30: Provisions relating to overtime
Section 19: Proceedings may be initiated by detaining into the custody
Section 14: Obligations of the Intermediary Practitioner
Section 10: Coordination with Public Bodies
Section 56: Management of Insurance Company
Section 111: Other Provisions Regarding Special Management of The Insurer
Section 62: Insurance Contract
Section 45: Maternity leave
Section 5A: Approval to be Made
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 68: International Clearing and Payment Agreements
Section 143: Settlement of Disputes
Section 51: Leave not as a matter of right
Section 50: Method of Review
Section 63: Payment of remuneration and other benefits
Section 130: Observance of discipline and duties
Section 71: Evaluation Committee to be Formed
Section 24: Restriction on Insurance Business without license
Section 71: Deposit Collection
Section 145: Retrenchment may be made
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Section 84: Provisions relating to tea-estate labours
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Section 142: Employment may be terminated on the ground of incompetence
Section 132: Details to be Provided
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Section 22: Power to Frame Rules
Section 120: Appointment of a Liquidator
Section 65: Functions, Duties and Powers of Public Procurement Monitoring Office
Section 51: Reference interest rate may be determined
Section 70: The Insurance Appraisal
Section 127: Double Fine to be imposed
Section 44: Sick leave
Section 48: Discount Operation
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Section 161: Contact with the Government of Nepal
Section 59: Termination of Procurement Contract and Remedy Therefor
Section 100: Labour audit to be made
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Section 4: Formation of District Sectoral Cooperative Association
Section 92: Registrar
Section 3: Procurement to be Made as Per This Act
Section 27: Bylaws to be framed
Section 91: Utilisation of Assets after Liquidation
Section 23: Notice to be published
Section 153: Powers of Labour Court
Section 30: Membership of Organisation
Section 26: Summary Procedure to be Adopted
Section 8: Procurement Method to be Selected
Section 76: Appointment of an Auditor
Section 137: Social Audits may cause to be conducted
Section 38: Confidentiality
Section 124: Right to lock-outs
Section 85: Special provisions relating to construction labours
Section 6: Procurement Plan to be Prepared
Section 6: Prior Right of the Bank
Section 115: The Authority may give directions to merge or to be amalgamated
Section 82: Special provisions relating to treatment of occupational disease
Section 63: Blocklisting and Exclusion from the Blocklist
Section 77: Restriction on Rate of Interest
Section 58: Functions, Duties and Power of Chief Executive
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 17: Provisions relating to labour to be applicable
Section 23: Examination of Bids
Section 25: Adjudication proceedings and disposal of the case not be affected
Section 27: Acceptance of Bid and Procurement Contract
Section 94: Report on Monetary Policy
Section 159: To forward the matter to the body having jurisdiction
Section 10: Not to acquire assets or open account by borrower who has over dues
Section 124: Payment of Re-insurance Claim
Section 20: No Exemption from Liability
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 74: Consultation on the Matter of Law Reform
Section 4A: Provisions Relating to Foreign Exchange Obtained by Citizens of Nepal
Section 179: This Act to prevail
Section 15: Power of the Government of Nepal to Give Directives
Section 139: Security of employment
Section 51: Procurement Proceeding to be Withheld
Section 12: Power of Bank to Give Direction, Frame By-Law or Issue Order or Notice
Section 4: Establishment of An Electronic Platform
Section 91: License to Insurance Mediators
Section 25: Evaluation of Bids
Section 106: Fixation of minimum remuneration
Section 103: Special Administration/Management Team
Section 66: Foreign Exchange Reserve
Section 133: Provisions relating to misconduct may be made in the bye-law
Section 88B: Provision Relating to the Formation of the Special Administration
Section 95: Acts Deemed to be Offences Under this Act
Section 104: Organisation or Association may be declared problematic
Section 151: Insurance Development Fund
Section 90: Provisions relating to enterprise which is incorporated in foreign country and operates business in Nepal
Section 28: Right to File a Complaint
Section 98: Bank to Provide Information
Section 150A: Instructions On Prevention of Money Laundering Must Be Followed
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 123: Settlement of Insurance Claim
Section 34: Termination of membership
Section 19: Remuneration and Other Benefits to the Directors
Section 2: Definitions
Section 182: Powers to frame rules
Section 26: Waiver in the Claim of Punishment may be Happen
Section 135: Special Provisions concerning operation of Association
Section 48: Review Committee
Section 127: Remuneration for strike or lock-out period
Section 28: Application to be made
Section 69: Banker, Advisor and Financial Agent
Section 152: Majority decision to prevail
Section 141: Provisions concerning tax
Section 23A: Standards to be Followed
Section 34: Cancellation of License
Section 68: Reserve Fund
Section 12: Vacancy in the office of Chairperson or Member
Section 131: Misconduct and punishment
Section 11D: Power to Search Building or Place of Transaction
Section 82: Credits Recovery Tribunal
Section 42: Special Provision Relating to Ration Procurement
Section 88I: Sequence of Priority of Payment
Section 16: Clarification as to Unclear Matter on Bidding or Pre-Qualification Documents
Section 32: Restriction on membership
Section 37: Negotiations with the Proponent
Section 22: Audit
Section 147: Prevailing law relating to companies not to apply
Section 88: Dissolution and Revocation of Registration
Section 31: Delegation of powers
Section 71: Duties of the responsible person
Section 80: Provisions concerning Blacklist
Section 67: Issuance of Debt Bond Against Gold and Foreign Currency
Section 63: Insurance Policy
Section 59: License to be obtained
Section 34: Entitlement of labours to remuneration
Section 6: Prohibition on discrimination
Section 18: Tenure of Office of the Director
Section 118: Conditions Relating to Liquidation of Insurer
Section 101: Making application in convenient Office
Section 36: No Impediment to Prosecuting Cases in Accordance with Prevailing Law
Section 59: Account of Issued Currency
Section 49: Application May be Filed Before the Review Committee
Section 130: Government of Nepal to be a plaintiff
Section 165: Appeal
Section 69: Procurement Transaction May be Carried Out Through Electronic Communications Means
Section 63: Provisions concerning sale and withdrawal of shares
Section 70: Consultation and Information Relating to External Debt
Section 3: To remain as minimum standards
Section 88F: New Balance Sheet to be Prepared
Section 126: Employment contract not to be violated
Section 170: Fixation of basic remuneration
Section 37: Professional Code of Conduct and Official Responsibility
Section 11: Prohibition on employment without entering into employment contract
Section 18: Liability Relating to Transportation
Section 168: Power to impose punishment in the event of non-execution of judgment, compromise or agreement
Section 49: Qualifications of Directors
Section 45: Directors may be removed from Office
Section 170: Implementing Guidelines and Procedures
Section 92: Auditing
Section 3: Electronic Trading May be Carried Out
Section 11A: Designation of Investigating Officer
Section 86F: Power of the Bank for Corrective Action
Section 147: Authority to Hear Case and Execution of The Decision
Section 84: Inspection and Supervision
Section 84: To be sent for freezing
Section 99: Power of the Office to give direction
Section 117: Report to be submitted
Section 132: Prohibition of sexual harassment
Section 104: Collection of Data
Section 59: Technical or Management Service Agreement
Section 71: Provisions concerning Other Funds
Section 148: Payment of benefits
Section 113: Submission of individual claims
Section 41: Provision for Direct Procurement
Section 52: Contribution for provident fund
Section 138: Fineable
Section 23: Repeal
Section 11J: To Submit Report
Section 111: Formation of labour relation committee
Section 10: Goods or Services May be Returned
Section 47: Formation of Board of Directors
Section 52A: Provisions Relating to Advance Payment
Section 9C: Restriction on Making or Receiving Payment
Section 3B: Other Provisions Relating to Foreign Exchange Transactions
Section 136: Authority imposing punishment
Section 116: Collective claim may be submitted
Section 25: Public Notification of Governor’s Appointment
Section 55: Delegation of Powers
Section 31: Refusal for Prior Approval and License
Section 134: Power of The Authority
Section 16: Trainees may be engaged in work
Section 69: Secured Capital Redemption Fund
Section 144: Notice to be given
Section 6: Power of Government of Nepal to Obtain Foreign Exchange
Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange
Section 6: Formation of the Board
Section 1: Short title and commencement
Section 79: Debts to be recovered
Section 60: Public Notice of Procurement Contract
Section 165: Provide Expert Services
Section 37: May order capital reduction
Section 79: Micro-Insurance Regulation Fees
Section 88E: Notice and Registration of the Work Relating to Resolution
Section 22: Liabilities to be limited
Section 43: Home leave
Section 4: Procedure for Carrying on Foreign Exchange Transactions
Section 103: ………………….
Section 19: Withdrawal and Modification of Bid
Section 35: Evaluation of Financial Proposals
Section 131: Operation and Management of Insurance in Province
Section 130: Insurance Mediation
Section 4: Prohibition on employing in forced labour
Section 142: Don’t work in the Insurance Business
Section 88L: Other Provisions Relating to Resolution
Section 79: To give information
Section 105A: State Government may constitute a State Labour Advisory Council
Section 102: Formation of Central Labour Advisory Council
Section 18: Engagement in work as trainee labour
Section 127: Person Entitled to Get Payment
Section 60: Submission of details by licensee
Section 83: Accounts to be maintained accurately
Section 3: Establishment of the Bank
Section 70: Cooperative Promotion Fund
Section 44: Monetary Policy
Section 146: Recovery to be made as government due
Section 7: Deemed to be a Contract
Section 85: Preference to be accorded
Section 97: To render necessary assistance
Section 121: Right to strike for settlement of collective disputes
Section 37: Power to Make a Directory
Section 76: Saving
Section 15: Punishment
Section 5: Prohibition on employment of children
Section 25: ……………………………
Section 10: Types of employment
Section 116: Recommendation may be made
Section 15: Non-abuse of regulatory opportunity
Section 26: Functions of National Cooperatives Federation
Section 11: No Association may be Formed
Section 60: De-registration
Section 91: Annual Report
Section 164: Decision may be made by the Labour Court
Section 144: Encouragement may be given
Section 12A: Not to make any Fraudulent Activities to Bank and Financial Institutions and Cooperatives
Section 30: Short List to be Prepared by Soliciting Expression of Interest Openly
Section 42: Allocation of net loss
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 89: Fiscal Year
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 4B: Payment for Sale of Goods or Provision of Services to a Foreigner
Section 45: Prospectus and Issue of Shares
Section 81: Re-Insurance Business
Section 86: Appointment of Auditor of Insurer
Section 29: Amendment to Bylaws and Internal Procedures
Section 10C: Provisions Relating to Repatriation, Investment of, and Transfer of Right in Foreign Exchange
Electronic Commerce (E-Commerce) Act 2081
Section 22: Provisions relating to Delivery of Notice
Section 72: Duties of manufacturers, importers and suppliers
Section 163: International Aid and Relation
Section 60: Currency Recall or Withdrawal
Section 151: Standards, Directives or Procedures may be framed and submit
Section 34: Opening of Financial Proposal
Section 74B: Right to Remove Obstacles
Section 12: Pre-Qualification to be Determined
Section 109: This Act to be Applicable
Section 11: Power to Demand Statements
Section 60: Able to create a whistleblowing policy
Section 46: Restriction on sold, mortgaged, or transferred
Section 126: Apparent loss or damage
Section 18: Inquiry and Institution of Case
Section 147: Compulsory retirement
Section 87: Provisions concerning Amalgamation and Division
Section 64: Insurance Premium
Section 43: Annual Budget
Section 91: To observe fair labour practice
Section 86: No hindrance to take actions
Preamble
Section 21: Action not be initiated on the ground of breach of secrecy
Section 84: Preparation of Financial Statements
Section 26: Remuneration may be repatriated in convertible foreign currency
Section 35: List to be Published
Section 117: Liquidation of Insurance Company
Section 18: Method of Submission of Bids
Section 62: Foreign Exchange Policy
Section 39: Capital of the Bank
Foreign Exchange (Regulation) Act 2019
Section 180: This Act not to apply
Section 14: Information to be provided to the Authority
Section 87: Special provisions relating to tourism labours
Section 67: Find of a Cooperative Organisation
Section 103: Functions, duties and powers of the Council
Section 68: Method of Communication
Section 47: Application May be Filed Before the Chief of Public Entity
Section 85: Audit Committee of Insurer
Section 78: Special provisions relating to occupational safety and health
Section 101: Insurer Deemed to be Problematic
Section 31: Soliciting Proposals
Section 108: Provisions concerning Payment of Liabilities
Section 97: Special Provisions concerning Inspection and Monitoring of Organisation or Association carrying out transactions of savings and credits
Section 52: Power to Issue Banknotes and Coins
Section 77: Contract to be made
Section 1: Short Title and Commencement
Section 44: Construction Works May be Caused to be Carried Out by the Users Committee or Beneficiary Community
Section 171: Act Implementation Measurement
Section 2: Definition
Section 18A: Filing of Case
Section 17: Cooperative Organisation to be a Corporate Entity
Section 25: Government of Nepal to be the plaintiff
Section169: Enact and Enforce Regulations
Section75: Saving from action
Section 14: Inspection
Section 13: Prohibition of Sale and Distribution
Section 89: Appointment of a Liquidator
Schedule
Section 10: Qualification of Bidder or Proponent
Section 14: Invitation to Bids
Section 39: Remuneration for reserve period
Section 61: Confidentiality to be maintained
Section 16: Appointment of the Deputy Governor
Section 47: Dissolution of Board
Nepal Rastra Bank Act, 2058
Section 13: No Operation of Cooperative Organisation without Registration
Section 11: Export and Import May be Carried Out
Section 45: Works May be Done or Cause to be Done by Force Account
Section 11: Process and Stage of Bidding
Section 52: Meetings of Board of Directors
Section 126: To freeze transactions, accounts and assets
Section 118: Settlement through mediation
Section 11F: Power to Hold in Detention
Section 22: Grounds for Removal of the Directors from Office
Preamble
Section 13: Not to Derive Excess, Low or False Valuation or Prepare False Financials
Section 114: Remedial Actions may be taken
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 157: Collection of Statistics
Section 168: Power to Frame Rules
Section 150: Insured Insurance Protections Fund
Section 119: Power of The Authority to Initiate the liquidation Process
Section 66: Liability of labours to rest on the main employer
Section 61: Obligations of labour supplier
Section 18B: Certification of Copy of Document Related to Foreign Exchange
Section 70: Legal Documents to be Kept on Website
Section 87: Establishment of Information Network
Section 119: Cooperative may be sought
Section 38: Measures to Implement the Act
Section 56: Provision Concerning Extension of Contract Period
Section 33: May become members
Section 20: Fund of the Insurance Authority
Section 86C: Bank to Take Action Against Problematic Commercial Bank or Financial Institution
Section 15: To be Registered
Schedule
Section 41: Claim Payable Fund and Reserve Fund
Section 8: Qualification and Disqualification of Chairperson and Member
Section 83: Dues to recover
Section 9: Payment of Price of the Exported Goods
Section 19: Prohibition of Engaging in Improper Commercial or Business Activities
Section 29: Granting License
Section 55: Prohibition on Disbursing Credit
Section 32: Opening of proposals
Section 5: Formation of District Cooperative Association
Section 97: Government of Nepal to be Plaintiff
Section 32: Can open a branch office
Section 154: Proceeding against contempt of court
Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act
Section 64: Obligations of the main employer
Section 107: Inventory to be prepared
Section 64: Particulars of Foreign Exchange Transactions
Section 183: Repeal and saving
Section 54: Measurement, Weights and Size of Coins
Section 113: Insurance Business May Be Transferred
Section 72: Records of Procurement Proceedings
Section 78: License to be Obtained from Bank
Section 35: Function, Duties and Powers of the Audit Committee
Section 3: License to be Obtained to Carry on Foreign Exchange Transaction
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 106: Functions, duties and powers of Management Committee
Section 32: Power to Give Directions
Section 105: Formation of Management Committee
Section 98: Ministry to conduct Inspection and Monitoring
Section 1: Short Title, Extension and Commencement
Section 104: Office of member of the Council to be vacant
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 89: Recommending Action
Section 39: Other Provision for Consultancy Services
Section 110: To be deputed as representative
Section 3: Formation of Organisation
Section 25: Language of the contract
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