Section 35: List to be Published

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1) The Nepal Insurance Authority shall publish an updated list of licensed insurers every three months in at least two national-level daily newspapers and on its website.

2) The published list shall include the date of commencement of the insurance business, paid-up capital, insurance charges, claims and other details as deemed necessary by the Authority in accordance with sub-section (1).

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insurance act
nepal law

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Section 16: Appointment of the Deputy Governor
Section 84: Inspection and Supervision
Section 40: Provision Relating to Sealed Quotation
Section 47: Dissolution of Board
Section 26: Remuneration may be repatriated in convertible foreign currency
Section 35: May Grant Exemptions, Facilities, or Concessions
Section 50: Discount Rate and Rate of Interest for Refinance
Section 92: Registrar
Section 61: Conduct of the Official Involved in Public Procurement Proceedings
Section 44: Allotment of Shares
Section 79: Debts to be recovered
Section 59: Technical or Management Service Agreement
Section 11I: To Give Receipt
Section 33: Management Committee
Section 35: Evaluation of Financial Proposals
Section 77: Contract to be made
Section 152: Repeal and Saving
Section 107: No Responsibility for Acts Done in Good Faith
Section 74: Obtained Approval While Selling Assets
Section 147: Authority to Hear Case and Execution of The Decision
Section 9A: To Receive Payment of Value of Exported Goods
Section 77: Direction to stop the work
Section 67: Issuance of Debt Bond Against Gold and Foreign Currency
Section 60: Submission of details by licensee
Section 3: Establishment of the Authority
Section 166: Issue Orders and Directives
Section 123: Special provisions relating to the submission of collective claims, demands
Section 121: Provisions concerning Employees of Management Committee
Section 148: Payment of benefits
Section 5: Prohibition on employment of children
Section 51: Monetary Unit
Section 68: Reserve Fund
Section 22: Restriction on employment of foreigners
Section 84: Provisions relating to tea-estate labours
Section 79: Micro-Insurance Regulation Fees
Section 81: Credit to Prescribed Sectors
Section 28: To be governed as per the prevailing laws
Section 140: Offence
Section 65: Loans or Grants may be obtained
Section 4: Prohibition on employing in forced labour
Section 96: Investigation may be conducted
Section 18: Working Area of Cooperative Organisation
Section 93: Provisions relating to Office and inspectors
Section 29: Not to compel to work overtime
Section 18A: Filing of Case
Section 38: Insurance Fund
Section 123: Saving of actions taken in good faith
Section 32: Power to Give Directions
Section 16: Registration may be Denied
Section 89: Fiscal Year
Section 20: No Exemption from Liability
Section 70: Duties of employer towards non-labour
Section 175: Saving of acts done in good faith
Section 115: Decision to be made by the Office
Section 20: Fund of the Insurance Authority
Section 109: Authority may be delegated
Section 86E: The Reformative Measures and Power to be Used by the Bank or the Official Appointed by the Bank
Section 122: Offences deemed to be committed
Section 159: Submission of Report to Government of Nepal
Section 132: Prohibition of sexual harassment
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 46: Compulsory Deposit of Commercial Banks and Financial Institutions
Section 56: Provision Concerning Extension of Contract Period
Section 88N: Exchange of Reciprocal Assistance
Section 136: Exercise of Voting Right
Section 38: Procurement Contract to be Concluded
Section 25: ……………………………
Section 134: Power to suspend
Bonus Act 2030
Section 66: Insurance Not to Be Done
Section 16: Punishment to the Persons Creating Hindrance
Section 128: Prohibition on filing of case against loss
Section 15: Non-abuse of regulatory opportunity
Section 5: Cost Estimate to be Prepared
Section 7: Formation of Provincial Cooperative Association
Section 20: Reward to be Provision of Information
Section 71: Allocation of Savings
Section 60: Public Notice of Procurement Contract
Section 90: Work should not be done without a license
Section 11A: Designation of Investigating Officer
Section 87: Provisions concerning Amalgamation and Division
Section 126: Employment contract not to be violated
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 17: Appointment of the Directors
Section 18: Inquiry and Institution of Case
Section 61: Type of Insurance Business
Section 170: Implementing Guidelines and Procedures
Section 66: Provision Concerning Procurement to be Made in Special Circumstances
Section 75: Repeal and Amendment
Section 136: Authority imposing punishment
Section 160: Delegation of Authority
Section 36: Entitlement to annual increment in remuneration (grade)
Section 89: Provisions relating to seasonal enterprises
Section 59: License to be obtained
Section 101: Insurer Deemed to be Problematic
Section 66: Foreign Exchange Reserve
Section 9: Payment of Price of the Exported Goods
Section 146: Recovery to be made as government due
Section 57: Soiled or Counterfeit Currency
Section 14B: Not to carry out banking transactions in an illegal manner
Section 63: Payment of remuneration and other benefits
Article 144: Jurisdiction of the High Court
Section 4: Objectives of the Bank
Section 76: Incorporation of Insurance Company for Micro Business Only
Section 32: Prohibition on Vested Personal Interest
Section 88D: Power to be Automatically Suspended During the Period of Resolution
Section 11J: To Submit Report
Section 138: Fineable
Section 28: Internal Procedures may be framed
Section 12: Flow of Public Information
Section 27: Remuneration, conditions of service, benefits of and other provisions relating to foreign labours
Section 59: Nepal Rastra Bank may take over Management
Section 24: Restriction on Insurance Business without license
Section 161: Contact with the Government of Nepal
Section 88: Dissolution and Revocation of Registration
Section 106: Fixation of minimum remuneration
Section 135: Special Provisions concerning operation of Association
Section 157: Collection of Statistics
Section 98: To Regulate, Inspect and Monitor
Section 94: Delegation of Authority
Section 37: Functions, Duties and Powers of Preliminary General Meeting
Section 154: Formation of Expert Groups
Section 141: Provisions concerning tax
Section 170: Fixation of basic remuneration
Section 36: Employees of the Bank
Section 86H: Decreasing the Capital of Problematic Commercial Bank or Financial Institution
Section 112: Notice to be given for submission of liabilities
Section 103: Functions, duties and powers of the Council
Section 53: Functions, Duties and Powers of the Board
Section 19: Prohibition of Engaging in Improper Commercial or Business Activities
Section 69: Secured Capital Redemption Fund
Section 28: Right to File a Complaint
Section 93: Responsibilities of Insurance Intermediaries
Section 14: Formation of the Board
Section 168: Power to impose punishment in the event of non-execution of judgment, compromise or agreement
Section 63: Insurance Policy
Section 128: Complaint Relating to Payment of Claim
Section 163: Power of the Department or Office to decide
Section 106C: Government of Nepal May Give Directives
Section 38: Confidentiality
Section 8: Privileges and Facilities to the Bank
Section 100: Labour audit to be made
Section 142: Contract not to be concluded
Section 68: Possession of Property Prohibited
Section 108: Provisions concerning Payment of Liabilities
Section 18: Liability Relating to Transportation
Section 27: To be considered ineligible
Section 162: Coordinate with Public Bodies
Section 137: Revocation (Cancellation) of License of the Insurer
Section 42: Special Provision Relating to Ration Procurement
Section 6: Not to obtain or make payment by way of abuse or unauthorised use of electronic means
Section 13: Not to Derive Excess, Low or False Valuation or Prepare False Financials
Section 10: Coordination with Public Bodies
Section 85: Special provisions relating to construction labours
Section 97: Special Provisions concerning Inspection and Monitoring of Organisation or Association carrying out transactions of savings and credits
Section 141: Punishment
Section 20: Qualifications of the Directors
Section 55: Delegation of Powers
Section 43: Restriction on Distribution of Dividend
Section 63: Management of Foreign Exchange
Section 156: Power to order payment of interest
Section 57: Social security scheme to be applicable
Section 6: Power of Government of Nepal to Obtain Foreign Exchange
Section 111: Other Provisions Regarding Special Management of The Insurer
Section 74: Power to Make Rules
Section 49: Accumulation of leave
Section 86F: Power of the Bank for Corrective Action
Section 117: To hold negotiations on collective claims, demands
Section 139: Financial Assistance to be provided
Section 25: Language of the contract
Section 143: Settlement of Disputes
Section 5: Functions, Duties and Power of the Authority
Section 85: Preference to be accorded
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