Section 75: Micro Insurance is Required

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Every insurance company shall undertake a micro-insurance business targeting the low-income, indigent and backward-class sectors.

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insurance act
nepal law

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Section 65: Dealing in Foreign Exchanges
Section 124: Payment of Re-insurance Claim
Section 135: Authority May Give Direction to Withold Payment of Insurance or Revoke the Insurance Policy
Section 21: Claim or Complaint Not to Lie
Section 26: Prior approval required
Section 165: Appeal
Section 18B: Certification of Copy of Document Related to Foreign Exchange
Section 52: Power to Issue Banknotes and Coins
Section 88: Provisions relating to domestic labours
Section 38: Measures to Implement the Act
Section 19: Part-time employment
Section 62: Foreign Exchange Policy
Section 43: Home leave
Section 36: Entitlement to annual increment in remuneration (grade)
Section 109: Provisions to be made in Case improvement Not Achieved in the Condition of the Insurer
Section 28: Meeting of the Board
Section 38: Insurance Fund
Schedule
Section 39: Compulsory Reserve Fund
Section 101: Insurer Deemed to be Problematic
Section 14: Not to Carry Out and Cause to Carry Out Irregular Economic and Financial Transactions
Section 173: Increment of insurance amount
Section 123: Special provisions relating to the submission of collective claims, demands
Section 11B: To Search for Suspicious Person
Section 39: Meeting General Meeting
Section 10: Goods or Services May be Returned
Section 141: Employment may be terminated voluntarily
Section 134: Power to suspend
Section 161: Contact with the Government of Nepal
Section 88G: Recommendation May be Made for Improving the Financial Condition of the Commercial Bank or Financial Institution
Section 8: Right relating to trade union
Section 118: Conditions Relating to Liquidation of Insurer
Section 37: Negotiations with the Proponent
Section 83: Dues to recover
Section 20: No Exemption from Liability
Section 102: Mutual Security Services may be conducted
Section 13: Not to Derive Excess, Low or False Valuation or Prepare False Financials
Section 132: Details to be Provided
Section 104: Collection of Data
Section 11D: Power to Search Building or Place of Transaction
Section 153: Not to Make Insurance Transactions with Anyone Except Insurer
Section 96: Investigation may be conducted
Section 13: Prohibition on Entering into Contract in Contravention of the Objective of This Act
Section 105: Provisions relating to meetings of the Council
Section 6: Prior Right of the Bank
Section 29: Granting License
Section 73: Investment in Subsidiary Company
Section 19: Prohibition of Engaging in Improper Commercial or Business Activities
Section 64: Insurance Premium
Section 89: Appointment of a Liquidator
Section 14: Formation of the Board
Section 94: Renewal of License of Insurance Intermediaries
Section 12: Pre-Qualification to be Determined
Section 22: Opening of Bids
Section 80: Provisions concerning Blacklist
Section 86C: Bank to Take Action Against Problematic Commercial Bank or Financial Institution
Section 161: Appeal to the Supreme Court
Section 6: Formation of Provincial Sectoral Cooperative Association
Section 170: Fixation of basic remuneration
Section 63: Management of Foreign Exchange
Section 11C: Power to Stop and Search Motor Vehicle
Section 43: Restriction on Distribution of Dividend
Section 26: Waiver in the Claim of Punishment may be Happen
Section 51: Monetary Unit
Section 165: Provide Expert Services
Section 147: Authority to Hear Case and Execution of The Decision
Section 17: Time and limitation for the Lodgement of First Information Report
Section 68: Reserve Fund
Section 151: Formation of Labour Court
Section 45: Directors may be removed from Office
Section 3: Not to open an account or demand cash payment in an unauthorised manner
Section 6: Disclosure of Details
Section 44: Construction Works May be Caused to be Carried Out by the Users Committee or Beneficiary Community
Section 64: Particulars of Foreign Exchange Transactions
Section 113: Insurance Business May Be Transferred
Section 93: Provisions relating to Office and inspectors
Section 87: Special provisions relating to tourism labours
Section 97: Government of Nepal to be Plaintiff
Section 2: Definitions
Section 17: Provisions relating to labour to be applicable
Section 140: Termination of time-based and work-based employment
Section 82: Provisions related to re-insurance contracts
Section 131: Misconduct and punishment
Section 2: Definitions
Section 44: Sick leave
Preamble
Section 71: Deposit Collection
Section 41: Provision for Direct Procurement
Section 53: Amendment to Procurement Contract
Section 59: Nepal Rastra Bank may take over Management
Section 29: Coordination Required
Section 108: Internal management may be made
Section 54: Functions of Cooperative Bank
Section 60: Submission of details by licensee
Section 87: Audit of Insurer
Section 126: To freeze transactions, accounts and assets
Section 28: Right to File a Complaint
Section 99: Foreign Insurance Company shall inform to the Authority
Section 19A: Special investigation team may be formed
Section 23: Foreign citizen to obtain work permit to work in Nepal
Section 52: Contribution for provident fund
Section 145: Limitation for Complaint
Section 19: Remuneration and Other Benefits to the Directors
Section 124: Punishment
Section 15: Appointment of the Governor
Section 4: Description of Goods, Construction Works and Services to be Prepared
Section 11: Oath to be taken
Section 163: International Aid and Relation
Section 112: Notice to be given for submission of liabilities
Section 123: Settlement of Insurance Claim
Section 13: Prohibition of Sale and Distribution
Section 131: Operation and Management of Insurance in Province
Section 105: Official to be Suspended
Preamble
Section 23: Repeal
Section 6: Formation of the Board
Section 166: Issue Orders and Directives
Section 20: Not to restrain from working elsewhere
Section 30: Provisions relating to overtime
Section 14: Inspection
Section 28: Working hours
Section 69: Procurement Transaction May be Carried Out Through Electronic Communications Means
Section 71: Allocation of Savings
Section 54: Variation Order
Section 102: Measures For the Reformation of Problematic Insurer
Section 71: Duties of the responsible person
Section 8: Formation of Central Sectoral Cooperative Association
Section 120: Expert Service may be sought
Section 114: Insurer May Merge or be Amalgamated
Section 151: Standards, Directives or Procedures may be framed and submit
Section 38: Functions, Duties and Powers of Annual General Meeting
Section 2: Definitions
Section 47: Dissolution of Board
Section 52: Limit of Personal Saving
Section 6: Power of Government of Nepal to Obtain Foreign Exchange
Section 142: Don’t work in the Insurance Business
Section 61A: Departmental Action to be Taken
Section 106A: Not to Work in Commercial Bank or Financial Institution
Section 88L: Other Provisions Relating to Resolution
Section 5: Function, Duties and Powers of the Bank
Section 60: Public Notice of Procurement Contract
Section 20: Reward to be Provision of Information
Section 116: Collective claim may be submitted
Section 98: Bank to Provide Information
Section 88F: New Balance Sheet to be Prepared
Section 158: Not being held accountable for actions done with good intentions
Section 146: Resumption of operation
Section 68: International Clearing and Payment Agreements
Section 86: No hindrance to take actions
Section169: Enact and Enforce Regulations
Section 33: Management Committee
Section 43: Provision Relating to Renting House and Land and Obtaining Service on Contract
Section 179: This Act to prevail
Section 68: Possession of Property Prohibited
Section 160: Procedures of the cases
Section 93: Functions, duties and powers
Section 4: Objectives of the Bank
Section 27: To be considered ineligible
Section 88A: Power of the Bank to Carry Out Work of Resolution
Section 55: Price Adjustment in Procurement Contract
Section 13: Functions Duties and Powers of the Chairperson
Section 111: Formation of labour relation committee
Section 147: Compulsory retirement
Section 9: Right to remedy
Section 92: Qualifications of Insurance Mediators
Section 5: Formation of District Cooperative Association
Section 24: Issuance of order for creating encumbrances over the assets of a foreign individual
Section 129: Collective bargaining or agreement to be made in good faith
Section 16: Appointment of the Deputy Governor
Section 42: Election of Board
Section 88E: Notice and Registration of the Work Relating to Resolution
Section 30: Membership of Organisation
Section 40: Computation of net profit and loss
Section 76: Saving
Section 1: Short title and commencement
Section 10: Formation of Federation of National Cooperatives
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