You are viewing the translated version of कोषको सदस्यता.
(1) Insurers who are registered to conduct non-life insurance business in accordance with the Insurance Act, 2049 may obtain membership of the Fund. The insurer shall submit an application to the board of directors in the format as per schedule-1.
(3) If the application received in accordance with sub-rule (2) is found to be in accordance with this regulation, the board of directors shall grant membership of the fund to such applicant insurer in the format as per schedule-2.
(4) Granted as per sub-rule (3) The membership of the fund will be valid for one financial year and such membership can be renewed.
(5) Upon renewal according to sub-rule (4), the membership shall be provided on payment of the renewal fee set by the board of directors within one month from the date of expiry of the renewal period. It will have to be done by the authorities.