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Insurance Act 2079

Preamble
Chapter-1 Preliminary
- Section 1: Short title and commencement
- Section 2: Definitions
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Chapter-3 Fund, Accounts and Audit of the Authority
Chapter-4 Provision Regarding License
Chapter-5 Provision on Capital Fund and Shares Allotment of Insurer
Chapter-6 Board of Directors and Chief Executive
Chapter- 7 Operation of Insurance Business
Chapter-8 Micro Insurance Business
Chapter- 9 Re-Insurance Business
Chapter- 10 Accounts and Audit of Insurance
Chapter- 11 Provisions Related to Insurance Mediators or Other Insurance Service Provider
Chapter- 12 Regulation, Inspection and Supervision
Chapter- 13 Problematic Insurer
Chapter- 14 Transfer of Insurance Business and Merger of Insurer
Chapter- 15 Liquidation of Insurance Company
Chapter- 16 Insurance Claim
Chapter- 17 Provision Relating to Complaint
Chapter- 18 Operation and Management of Insurance in Province
Chapter- 19 Actions, Offences and Punishment
Chapter- 20 Miscellaneous
Schedule

Chapter- 15 Liquidation of Insurance Company

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Sections

Section 117: Liquidation of Insurance Company
Section 118: Conditions Relating to Liquidation of Insurer
Section 119: Power of The Authority to Initiate the liquidation Process
Section 120: Appointment of a Liquidator
Section 121: Priorities on the Payment of Liabilities in Case of Liquidation of the Insurance company
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal

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Chapter- 15 Liquidation of Insurance Company

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