- (1) In any of the following cases, the committee may suspend or cancel any type of business under the insurance business carried out by the insurer in whole or in part: - (a) The committee shall take time in relation to the procedure to be adopted by the insurer while operating the insurance business. In case of violation of the instructions given in time, (b) If the insurer gives a loan to its director or his family or any organized body of which he is managing agent or shareholder, or if someone gives any kind of guarantee or security while giving a loan, in contravention of section 14, (c) The insurer If the notice required to be given to the committee is not given in accordance with section 15. or if another insurance business-related liability is incurred from the fund kept for the purpose of one business, (g) if the insurer does not keep the mandatory reserve fund as per section 22, (h) if the insurer accepts the insurance risk without receiving the insurance fee amount as per section 27. (j) section 28 (2) According to sub-section (1), before the committee imposes a ban on the insurance business of the insurer, the relevant insurer shall be given reasonable time to submit an explanation regarding the reason for the ban on the insurance business. (3) If the relevant insurer does not submit an explanation within the time specified in sub-section (2). Or, if the explanation submitted by him is not satisfactory, the committee shall suspend the insurance business of such insurer in accordance with sub-section (1) and publish the notice thereof in two main newspapers published in Nepal for the information of the general public. (4) In accordance with sub-section (3) in the insurance business of any insurer During the suspended time period, the insurer shall make the payment of the compensation claims against it as prescribed. (5) If the insurance business of an insurer is suspended in accordance with this section, if the evidence submitted by the insurer within the specified period of time is satisfactory that the insurance business is not subject to a suspension, the committee The ban imposed on insurance business can be released by imposing a fine as specified.