Section 22
Compulsory Reserve Fund
Every Insurer shall maintain a reserve fund as specified by the Board for the liability relating to its Insurance Business inside the
Nepal.
Nepal.
Insurance Act, 2049 (1992)
Chapter - 4
Section 10: Registration Of The InsurerSection 11: Renewal Of Registration Of The InsurerSection 11A: Circumstance On Which Certificate Of Registration Of The Insurer Cannot BerenewedSection 12: Not To Be RegisteredSection 12A: A Ban May Be Imposed On The Insurance BusinessSection 13: Registration Of An Insurer May Be CanceledSection 14: Loan, Guarantee And Security Not To Be Provided To The DirectorsSection 15: Notice To Be ProvidedSection 16: Payment Of Insurance Claims After The Cancellation Of The InsurerSection 17: Insurer Shall Be ResponsibleSection 18: Appointment Of LiquidatorSection 19: Accounts And Records Of The InsurerSection 20: Separate Accounts To Be MaintainedSection 21: Insurance FundSection 22: Compulsory Reserve FundSection 23: The Balance-sheet To Be SubmittedSection 24: Account Of Income To Be SubmittedSection 25: AuditSection 26: Valuation To Be Made By An ActuarySection 27: Insurance Premium To Be Paid Before Holding The RiskSection 28: Re-insurance To Be MadeSection 29: Legal Representative To Be Appointed
Chapter - 7
Section 36: PunishmentSection 37: AppealSection 38: Payment To Be Made To DesigneeSection 39: Inquiry Or Investigation Can Be MadeSection 39A: Special Provisions Relating To Audit Of InsurerSection 40: Insurance Service ChargeSection 41: Insurance Tariff Advisory CommitteeSection 41A: No Transaction Relating To The Insurance Business Shall Be Operated Withothers Than The InsurerSection 41B: Order Of Priority In Settlement Of LiabilitiesSection 42: Annual ReportSection 43: Delegation Of PowerSection 44: The Government Of Nepal May Issue DirectivesSection 45: Contact With The Nepal GovernmentSection 46: Prevailing Law To PrevailSection 47: Power To Frame Rules And By-lawsSection 48: Repeal And Saving