Vima Act, 2049

You are viewing the translated version of बीमक बाहेक अन्य कसैसंग विमा व्यवसाय संबन्धी कारोबार गर्न नहुने.

Section 41A
Insurance business related transactions should not be done with anyone other than insurers
- No person or organization within Nepal ………… shall do insurance business related transactions with any person or organization other than insurers who have received a certificate of registration in accordance with this Act.
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