Section 125: Settlement of Small Amount Claim

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1) The liability, instead of the claim of a small amount that is less than the prescribed limit by the Authority, shall be settled under the settlement of the claim of a small amount.

2) Other provisions relating to payment of a claim of a small amount shall be as prescribed.

Tagged:
insurance act
nepal law

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Section 52: Limit of Personal Saving
Section 42: Election of Board
Section 56: Provisions on Exchange of Currency
Section 16: Meeting of the Board
Section 74: Consultation on the Matter of Law Reform
Section 63: Payment of remuneration and other benefits
Section 85: Exchange of Mutual Cooperation
Section 15: Responsibilities of Traders Carrying Out E-Commerce Based on the List
Section 153: Not to Make Insurance Transactions with Anyone Except Insurer
Section 119: Power of The Authority to Initiate the liquidation Process
Section 114: Insurer May Merge or be Amalgamated
Section 34: Entitlement of labours to remuneration
Section 62: Liquid Assets to be maintained
Section 145: Retrenchment may be made
Section 35: Payment of remuneration
Section 62: Insurance Contract
Section 43: Restriction on Distribution of Dividend
Section 6: Procurement Plan to be Prepared
Section 95: Inspection and Checking of Accounts
Section 19: Remuneration and Other Benefits to the Directors
Section 146: Recovery to be made as government due
Section 74: Obtained Approval While Selling Assets
Section 111: Authority to be suspended ipso facto
Section 26: Prior approval required
Section 144: Encouragement may be given
Section 149: Labours to get first priority
Section 38: Prohibition on deduction of remuneration
Section 60: Submission of details by licensee
Section 136: Authority imposing punishment
Section 110: Recommendation for Improving Financial Condition of the Insurer
Section 83: Dues to recover
Section169: Enact and Enforce Regulations
Section 24: Resignation by Director
Preamble
Section 164: The Government of Nepal may Issue Directives
Section 86: No hindrance to take actions
Section 28: Two-Stage Bidding
Section 53: Measurement, Weights and Size of Coins
Section 105A: State Government may constitute a State Labour Advisory Council
Section 9: Transfer of Goods or Services
Section 69: Banker, Advisor and Financial Agent
Section 142: Employment may be terminated on the ground of incompetence
Section 3: Establishment of the Bank
Section 137: Social Audits may cause to be conducted
Section 72: Accepting risk based on the property itself
Section 103: ………………….
Section 44: Sick leave
Section 122: Insolvency of the Branch Office of Foreign Insurance Company Situated in Nepal
Section 7: Duty of Persons Who Have Source to Obtain Foreign Exchange
Section 12: Employment relationship to be established
Section 13: Functions Duties and Powers of the Chairperson
Section 80: Provisions concerning Blacklist
Section 57: Appointment of the Executive Director
Section 9B: Acts Not to be Done by the Exporter
Section 18: Liability Relating to Transportation
Section 145: Departmental actions may be taken
Section 15: Power of the Government of Nepal to Give Directives
Section 183: Repeal and saving
Section 141: Punishment
Section 50: Disqualifications of Directors
Section 29: Regulation may be framed
Section 81: Re-Insurance Business
Section 6: Prior Right of the Bank
Section 140: Inter-government transactions may be carried out
Section 47: Remuneration need not be paid
Section 55: Prohibition on Disbursing Credit
Section 123: Special provisions relating to the submission of collective claims, demands
Section 160: Delegation of Authority
Section 102: Measures For the Reformation of Problematic Insurer
Section 176: Special powers of the Ministry
Section 172: Entitlement to remuneration and other benefits
Section 166: Issue Orders and Directives
Section 51: Leave not as a matter of right
Section 71: Evaluation Committee to be Formed
Section 88A: Power of the Bank to Carry Out Work of Resolution
Section 7: Deemed to be a Contract
Section 26: Fulfilment of Vacant Office
Section 76: To stop work in the case of immediate danger
Section 13: No Operation of Cooperative Organisation without Registration
Electronic Commerce (E-Commerce) Act 2081
Section 21: Transaction, Business, Industries, or Project may be operated
Section 107: Inventory to be prepared
Section 74: Power to Make Rules
Section 157: Case may be compromised
Section 45: Prospectus and Issue of Shares
Section 38: Insurance Fund
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 42: Substitute leave
Section 39: Remuneration for reserve period
Section 169: Procedure relating to service of notice
Section 122: Offences deemed to be committed
Section 108: Oath of Office
Section 124: Punishment
Section 133: Provisions relating to misconduct may be made in the bye-law
Section 159: To forward the matter to the body having jurisdiction
Section 12: Flow of Public Information
Section 55: Accidental insurance to be made
Section 19: Working Area of Association and Cooperative Bank
Section 30: Provisions relating to overtime
Section 45: Works May be Done or Cause to be Done by Force Account
Section 47: Failure to Maintain Compulsory Deposit
Section 31: Delegation of powers
Section 11D: Power to Search Building or Place of Transaction
Section 8: Procurement Method to be Selected
Section 139: Procedures of Taking Actions
Section 88E: Notice and Registration of the Work Relating to Resolution
Section 2: Definitions
Section 53: Amendment to Procurement Contract
Section 100: Punishment for Violation of the Bank’s Regulation
Section 87: Audit of Insurer
Section 139: Security of employment
Section 88: Establishment of Credit Information Centre
Section 12: Pre-Qualification to be Determined
Section 24: Investigation and Filing of Cases
Section 55: Issuance of Currency and Security
Section 142: Don’t work in the Insurance Business
Section 98: Bank to Provide Information
Section 5A: Approval to be Made
Section 18: Government to be the plaintiff
Section 86B: Commercial Bank and Financial Institution Deemed to be Problematic
Section 111: Guidelines to be Framed and Implemented
Section 52: Procurement Contract and Terms and Conditions Thereof
Section 63: Management of Foreign Exchange
Section 28: Internal Procedures may be framed
Section 62: Conduct to Bidder or Proponent
Section 10B: Provisions Relating to Lending and Borrowing of Loans in Foreign Exchange
Section 11I: To Give Receipt
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 7: Responsibility Towards Procurement Activities
Section 41: Board of Directors
Section 139: Financial Assistance to be provided
Section 80: Reinsurance Required
Section 92: Registrar
Section 88O: Application for Liquidation May be Made
Section 10: Qualification of Bidder or Proponent
Section 29: Granting License
Section 149: No Obstruction for Punishment
Section 61: Obligations of labour supplier
Section 124: Right to lock-outs
Section 71: Deposit Collection
Section 30: Criteria to be Followed
Section 67: Restrictions on undertaking business in partnership or acquire assets in ownership
Section 41: Allocation of net profit
Section 108: Provisions After the Achievement of Improvement in Condition of the Insurer
Section 134: Power to suspend
Section 107: Preparation of New Financial Statements
Section 20: Reward to be Provision of Information
Section 1: Short Title, Extension and Commencement
Section 9A: To Receive Payment of Value of Exported Goods
Section 11J: To Submit Report
Section 62: Foreign Exchange Policy
Section 177: Labour coordination committee
Section 20: Validity Period of Bid
Section 4: Objectives of the Bank
Section 13: Bidding Documents to be Prepared
Section 56: No Distribution of Dividend
Section 64: Insurance Premium
Section 59: Technical or Management Service Agreement
Section 101: Procedures for Pecuniary Penalty and Punishment
Section 28: To be governed as per the prevailing laws
Section 15: Appointment of the Governor
Section 1: Short title and commencement
Section 29: Consultancy Services May be Procured
Section 82: Special provisions relating to treatment of occupational disease
Preamble
Section 94: Powers, functions and duties of the Office
Section 103: Stabilisation Fund
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 101: Insurer Deemed to be Problematic
Section 39: Compulsory Reserve Fund
Section 71: Allocation of Savings
Section 76: Incorporation of Insurance Company for Micro Business Only
Section 151: Formation of Labour Court
Section 61: Type of Insurance Business
Section 89: Fiscal Year
Section 88D: Power to be Automatically Suspended During the Period of Resolution
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Section 125: Settlement of Small Amount Claim

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