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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-6 Board of Directors and Chief Executive

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Sections

Section 47: Formation of Board of Directors
Section 48: Term of Office of the Director
Section 49: Qualifications of Directors
Section 50: Disqualifications of Directors
Section 51: Discontinue to hold the office of Director
Section 52: Meetings of Board of Directors
Section 53: Functions, Duties and Powers of the Board
Section 54: Committee or sub-committee may be formed
Section 55: Delegation of Powers
Section 56: Management of Insurance Company
Section 57: Appointment of the Executive Director
Section 58: Functions, Duties and Power of Chief Executive
Section 59: Technical or Management Service Agreement
Section 60: Able to create a whistleblowing policy

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Chapter-6 Board of Directors and Chief Executive

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