Vima Act, 2049

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Section 43
Delegation of authority
The committee may delegate its authority to the chairman, member, sub-committee or any employee of the committee as per the need.
Vima Act, 2049
Chapter - 4
Section 10: Registration of InsurersSection 11: Renewal of Insurer's RegistrationSection 12: Cannot be registeredSection 12A: Suspension of insurance businessSection 13: Registration of insurer can be canceledSection 14: No loan, surety or security to the directorSection 15: Notification to be givenSection 16: Payment of insurance claim after cancellation of insurerSection 17: Liability of insurerSection 18: Appointment of liquidatorSection 19: Insurer's bookkeeping and accountingSection 20: Separate account should be keptSection 21: Insurance FundSection 22: Compulsory reserve fundSection 23: Balance sheet to be submittedSection 24: Income statement to be submittedSection 25: AuditingSection 26: Appraisal by the insurerSection 27: Insurance fee must be paid before assuming the riskSection 28: Reinsurance to be providedSection 29: Requirement to retain a legal representative