You are viewing the translated version of विमा कोष.
Section 21
Insurance Fund
:(1) The insurer shall maintain a separate fund for each insurance business and the amount received from the insurance business shall be deposited in the related fund.
Vima Act, 2049
Preamble - 0
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
Chapter - 7
Section 36: Punishment PunishmentSection 37: AppealSection 38: Beneficiary will receiveSection 39: Interrogatories and InterrogatoriesSection 39A: Special provisions relating to audit of insurersSection 40: Insurance Service ChargeSection 41: Insurance Rate Advisory CommitteeSection 41A: Insurance business related transactions should not be done with anyone other than insurersSection 41B: Priority order of liability paymentSection 42: Annual ReportSection 43: Delegation of authoritySection 44: Government of Nepal can give instructionsSection 45: Contact with the Government of NepalSection 46: To be in accordance with the prevailing lawSection 47: Power to make rules and regulationsSection 48: Repeal and Rescue