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 9: Not to misuse banking resources, means and assets
Section 88M: Final Description of the Work Relating to Resolution to be Submitted
Section 2: Definitions
Section 16: Registration may be Denied
Section 119: Settlement of dispute through arbitration
Section 62: Liquid Assets to be maintained
Section 29: Functions, Duties and Powers of the Board
Section 167: Power of the Office to have execution of decisions
Section 72: Records to be maintained
Section 7: Deemed to be a Contract
Section 22: Provisions relating to Delivery of Notice
Section 14: Application to be Submitted for Registration
Section 1: Short title and commencement
Section 141: Provisions concerning tax
Section 60: De-registration
Section 11C: Power to Stop and Search Motor Vehicle
Section 73: Investment in Subsidiary Company
Section 75: Repeal and Amendment
Preamble
Section 20: Qualifications of the Directors
Section 88: Dissolution and Revocation of Registration
Section 16: Punishment to the Persons Creating Hindrance
Section 180: This Act not to apply
Section 94: Renewal of License of Insurance Intermediaries
Section 17: Appointment of the Directors
Section 33: Can open a liaison office
Section 21: Disqualification of the Directors
Nepal Rastra Bank Act, 2058
Section 125: Picketing or assembly may be made
Section 2: Definitions
Section 2: Definition
Section 84: To be sent for freezing
Section 23: Audit Committee
Section 25: Evaluation of Bids
Section 85: Preference to be accorded
Section 57: Prohibition of Purchase of Goods with Commercial Objectives
Section 12: Pre-Qualification to be Determined
Section 113: Audit Report to be prepared
Section 157: Case may be compromised
Section 34: Opening of Financial Proposal
Section 23A: Standards to be Followed
Section 93: Submission of Report to Government of Nepal
Section 111: Other Provisions Regarding Special Management of The Insurer
Section 164: Decision may be made by the Labour Court
Section 29: Consultancy Services May be Procured
Section 171: Special provisions relating to managers and managerial level labours
Section 16: Appointment of the Deputy Governor
Section 56: Provision Concerning Extension of Contract Period
Section 64: Particulars of Foreign Exchange Transactions
Section 48: Mourning leave
Section 40: Provision Relating to Sealed Quotation
Section 88B: Provision Relating to the Formation of the Special Administration
Section 12: Not to Make Loss by Making Alteration in Account or Ledger or by Committing Forgery or Fraud
Section 55: Price Adjustment in Procurement Contract
Section 102: Mutual Security Services may be conducted
Section 166: Decisions to be executed
Section 77: Contract to be made
Section 114: Remedial Actions may be taken
Section 5: Function, Duties and Powers of the Bank
Section75: Saving from action
Section 112: Performance evaluation of labours by enterprise
Section 132: Details to be Provided
Section 129: Collective bargaining or agreement to be made in good faith
Section 29: Granting License
Section 150: Insured Insurance Protections Fund
Section 88E: Notice and Registration of the Work Relating to Resolution
Section 81: Credit to Prescribed Sectors
Section 49: Functions, duties and powers of Accounts Supervision Committee
Section 176: Special powers of the Ministry
Section 63: Blocklisting and Exclusion from the Blocklist
Section 26: Fulfilment of Vacant Office
Section 29: Amendment to Bylaws and Internal Procedures
Section 28: Application to be made
Section 19: Document to be Void
Section 174: Delegation of authority
Section 44: Allotment of Shares
Section 25: Government of Nepal to be the plaintiff
Section 114: Insurer May Merge or be Amalgamated
Section 61: Reproduction and Counterfeiting of Currency
Section 67: Prohibition on collecting fee from labour
Section 27: Monitoring and Inspection of Electronic Commerce
Section 73: Details to be made available
Section 35: Facilities not to be entitled to
Section 84: Provisions relating to tea-estate labours
Section 9: Transfer of Goods or Services
Section 24: Restriction on Insurance Business without license
Section 4:
Section 68: International Clearing and Payment Agreements
Section 10: Restriction on Export and Transmission of Securities
Section 163: Power of the Department or Office to decide
Section 14: Invitation to Bids
Section 31: Soliciting Proposals
Section 20: Validity Period of Bid
Section 85: Audit Committee of Insurer
Section 105: Provisions relating to meetings of the Council
Section 48: Formation of Accounts Supervision Committee
Section 84: Inspection and Supervision
Section 143: Settlement of Disputes
Section 39: Meeting General Meeting
Section 92: Auditing
Section 58: Provisions Relating to Currency Inventory and Issuance of Currency
Section 50: Method of Review
Section 38: Prohibition on deduction of remuneration
Chapter-2 Establishment of Authority and Its Functions, Duties and Power
Section 133: Provisions relating to misconduct may be made in the bye-law
Section 155: Power to demand bank guarantee or deposit
Section 107: Inventory to be prepared
Section 58: Books and Accounts
Section 147: Authority to Hear Case and Execution of The Decision
Section 145: Departmental actions may be taken
Section 52A: Provisions Relating to Advance Payment
Section 91: License to Insurance Mediators
Section 54: Measurement, Weights and Size of Coins
Section 111: Formation of labour relation committee
Section 153: Powers of Labour Court
Section 109: This Act to be Applicable
Schedule
Section 5: Restriction on Export and Import of Certain Currency and Bullion
Section 40: Directives may be given to call an Extraordinary General Meeting
Section 37: May order capital reduction
Section 59: Technical or Management Service Agreement
Section 41: Allocation of net profit
Section 8: Procurement Method to be Selected
Section 105A: State Government may constitute a State Labour Advisory Council
Section 11A: Designation of Investigating Officer
Section 157: Collection of Statistics
Section 21: Claim or Complaint Not to Lie
Section 44: Directors not to continue to hold the office
Section 139: Procedures of Taking Actions
Section 52: Limit of Personal Saving
Section 99: Fine for Violation of the Bank’s Regulation
Section 24: Non-Procession of Bids
Section 79: To give information
Section 22: Fines to be Imposed
Section 34: Entitlement of labours to remuneration
Section 8: Not to misuse credit
Section 76: Appointment of an Auditor
Section 82: Provisions related to re-insurance contracts
Section 26: Prior approval required
Section 20: No Exemption from Liability
Section 165: Provide Expert Services
Section 120: Power to form labour arbitration tribunal
Section 73: Bank may ask for Particulars, Statistics and Documents
Section 41: Board of Directors
Section 13: Prohibition of Sale and Distribution
Section 88F: New Balance Sheet to be Prepared
Section 160: Delegation of Authority
Section 1: Short title and commencement
Section 82: Credits Recovery Tribunal
Section 10: Not to acquire assets or open account by borrower who has over dues
Section 11D: Power to Search Building or Place of Transaction
Section 78: License to be Obtained from Bank
Section 95: Cancellation of License
Section 3: Not to open an account or demand cash payment in an unauthorised manner
Section 32: Fixation of working hours
Section 53: Measurement, Weights and Size of Coins
Section 100: Punishment for Violation of the Bank’s Regulation
Section 104: Collection of Data
Section 35: Evaluation of Financial Proposals
Section 17: Cooperative Organisation to be a Corporate Entity
Section 90: Work should not be done without a license
Section 120: Appointment of a Liquidator
Section 16: Seller’s Liability
Preamble
Section 140: Termination of time-based and work-based employment
Section 1: Short Title and Commencement
Section 78: Claim of Micro-Insurance
Section 37: Professional Code of Conduct and Official Responsibility
Section 41: Provision for Direct Procurement
Section 63: Provisions concerning sale and withdrawal of shares
Section 44: Sick leave
Section 182: Powers to frame rules
Section 63: Management of Foreign Exchange
Section 7: Not to avail or provide loans in an unauthorised manner
Section 19B: Power to request details
Section 17: Provisions relating to labour to be applicable
Section 2: Definitions
Section 57: Social security scheme to be applicable
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Section 75: Micro Insurance is Required

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