Vima Act, 2049

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Section 34
Fund of the Committee
– The Committee shall have a separate fund and the following amounts shall be kept in that fund: (a) Funds received from the Government of Nepal (b) Funds received from any foreign government or international organization, (c) Registration renewal documents of insurers, insurance agents or surveyors Amount received from etc., (d) Amount received from service fee, (e) Amount received from any other source.
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