Section 124: Payment of Re-insurance Claim

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1) The insurer performing re-insurance shall pay the amount in lieu of re-insurance claim on the basis of re-insurance contract made between the insurer performing insurance business and the insurer performing re-insurance business.

2) Settlement of re-insurance claim and other provisions relating to it shall be as prescribed.

Tagged:
insurance act
nepal law

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Section 28: Internal Procedures may be framed
Section 61: Confidentiality to be maintained
Section 92: Registrar
Section 46: Restriction on sold, mortgaged, or transferred
Section 110: To be borne from Assets of Organisation or Association
Section 9: Relation between the Government of Nepal and the Bank
Section 4: Formation of District Sectoral Cooperative Association
Section 165: Appeal
Section 141: Punishment
Section 63: Insurance Policy
Section 131: Authority to adjudicate a case
Section 67: Procurement process under this Act not to be applied
Section 144: Notice to be given
Section 3: To remain as minimum standards
Section 51: Leave not as a matter of right
Section 49: Application May be Filed Before the Review Committee
Section 149: No Obstruction for Punishment
Section 11I: To Give Receipt
Section 130: Government of Nepal to be a plaintiff
Section 87: Special provisions relating to tourism labours
Section 133: Annual Report Submit
Section 2: Definitions
Section 151: Insurance Development Fund
Section 177: Labour coordination committee
Section 88N: Exchange of Reciprocal Assistance
Section 70: Consultation and Information Relating to External Debt
Section 67: Restrictions on undertaking business in partnership or acquire assets in ownership
Section 137: Revocation (Cancellation) of License of the Insurer
Section 87: Audit of Insurer
Section 61: Type of Insurance Business
Section 8: Right relating to trade union
Section 118: Conditions Relating to Liquidation of Insurer
Section 72: Accepting risk based on the property itself
Section 92: Qualifications of Insurance Mediators
Section 16: Trainees may be engaged in work
Section 5: Function, Duties and Powers of the Bank
Section 68: Method of Communication
Section 77: Contract to be made
Section 16: Appointment of the Deputy Governor
Section 32: Power to Give Directions
Section 8: Formation of Central Sectoral Cooperative Association
Section 23A: Standards to be Followed
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 4B: Payment for Sale of Goods or Provision of Services to a Foreigner
Public Procurement Act 2063
Section 80: Banking and Financial System and Credit Control
Section 87: Provisions concerning Amalgamation and Division
Section 22: Provisions relating to Delivery of Notice
Section 67A: Procurement Proceedings Should Not Be Obstructed
Section 27: To be considered ineligible
Section 47: Failure to Maintain Compulsory Deposit
Section 89: Provisions relating to seasonal enterprises
Section 11: Process and Stage of Bidding
Section 121: Priorities on the Payment of Liabilities in Case of Liquidation of the Insurance company
Section 56: Provision Concerning Extension of Contract Period
Section 88K: Actions Prior to the Commencement of the Action Relating to Resolution to be Inactive
Section 1: Short title and commencement
Section 108: Oath of Office
Section 14: Invitation to Bids
Section 80: Arrangements for control of infectious diseases to be made
Section 93: Provisions relating to Office and inspectors
Section 55: Prohibition on Disbursing Credit
Section 20: Not to restrain from working elsewhere
Section 18: Method of Submission of Bids
Section 14A: Not to carry out Dhukuti transactions
Section 31: Refusal for Prior Approval and License
Section 163: Power of the Department or Office to decide
Section 57: Soiled or Counterfeit Currency
Section 13: Not to Derive Excess, Low or False Valuation or Prepare False Financials
Section 78: License to be Obtained from Bank
Section 86E: The Reformative Measures and Power to be Used by the Bank or the Official Appointed by the Bank
Section 88F: New Balance Sheet to be Prepared
Section 2: Definitions
Section 93: Functions, duties and powers
Section 20: Reward to be Provision of Information
Section 13: Prohibition of Sale and Distribution
Section 8: Procurement Method to be Selected
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 117: Report to be submitted
Section 142: Don’t work in the Insurance Business
Section 157: Case may be compromised
Section 77: Restriction on Rate of Interest
Section 68: Reserve Fund
Section 149: Labours to get first priority
Section 142: Employment may be terminated on the ground of incompetence
Section 45: Works May be Done or Cause to be Done by Force Account
Section 112: Performance evaluation of labours by enterprise
Section 1: Short Title, Commencement, and Extension
Section 3: Establishment of the Authority
Section 58: Labours may be employed through supplier
Section 161: Contact with the Government of Nepal
Section 98: Report to be submitted
Section 93: Submission of Report to Government of Nepal
Section 40: Computation of net profit and loss
Section 18: Inquiry and Institution of Case
Section 101: Making application in convenient Office
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 7: Functions not to be Carried out by the Bank
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 174: Delegation of authority
Section 6: Formation of the Board
Section 170: Fixation of basic remuneration
Section 68: Possession of Property Prohibited
Section 43: Provision Relating to Renting House and Land and Obtaining Service on Contract
Section 19B: Power to request details
Section 2: Definitions
Section 66: Foreign Exchange Reserve
Section 78: Special provisions relating to occupational safety and health
Section 71: Deposit Collection
Section 91: To observe fair labour practice
Section 67: Prohibition on collecting fee from labour
Section 60: Public Notice of Procurement Contract
Section 16: Registration may be Denied
Section 28: To be governed as per the prevailing laws
Section 1: Short Title, Extension and Commencement
Section 60: Submission of details by licensee
Section 34: Cancellation of License
Section 122: Arbitral award and collective agreement to be binding
Section 65: Loans or Grants may be obtained
Section 109: Transfer may be made
Section 74: Consultation on the Matter of Law Reform
Section 50: Discount Rate and Rate of Interest for Refinance
Section 147: Compulsory retirement
Section 36: No Impediment to Prosecuting Cases in Accordance with Prevailing Law
Section 120: Expert Service may be sought
Section 15: Non-abuse of regulatory opportunity
Section 148: Request for Details
Section 164: The Government of Nepal may Issue Directives
Section 44: Sick leave
Section 34: Audit Committee
Section 156: Power to order payment of interest
Section 86: Provisions relating to transport labours
Section 104: Functions, Duties and Powers of Special Administration Team
Section 102: Measures For the Reformation of Problematic Insurer
Section 11A: Designation of Investigating Officer
Section 55: Price Adjustment in Procurement Contract
Section 20: Fund of the Insurance Authority
Section 75: Micro Insurance is Required
Section 33: Grievance Management
Section 7: Prohibition on discrimination in remuneration for equal work
Section 24: Existing Licenses
Section 65: Group Insurance Fund
Section 11: No Association may be Formed
Section 137: Period for taking decision
Section 116: Collective claim may be submitted
Section 15: Responsibilities of Traders Carrying Out E-Commerce Based on the List
Section 76: To stop work in the case of immediate danger
Section 86H: Decreasing the Capital of Problematic Commercial Bank or Financial Institution
Section 112: Final Report to be Submitted
Section 67: Issuance of Debt Bond Against Gold and Foreign Currency
Section 48: Review Committee
Section 128: Complaint Relating to Payment of Claim
Section 86: …………………
Schedule
Section 162: Right to make complaint
Section 29: Not to compel to work overtime
Section 47: Dissolution of Board
Section 6: Prohibition on discrimination
Section 54: Committee or sub-committee may be formed
Section 29: Functions, Duties and Powers of the Board
Section 30: Membership of Organisation
Section 94: Powers, functions and duties of the Office
Section 10: Types of employment
Section 94: Report on Monetary Policy
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Section 25: Public Notification of Governor’s Appointment
Section 13: Provision relating to probation period
Section 86: Appointment of Auditor of Insurer
Section 99: Foreign Insurance Company shall inform to the Authority
Section 25: Language of the contract
Section 8: Qualification and Disqualification of Chairperson and Member
Section 60: De-registration
Section 71: Provisions concerning Other Funds
Section 139: Security of employment
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Section 124: Payment of Re-insurance Claim

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