Law Info Nepal

1.7 Prevailing Insurance Laws of Nepal

यो उत्तर युनिट १ मा छ — पूरै निःशुल्क।

1. The Insurance Act 2079 B.S. (2019) — the principal statute (the contract's rules, the regulator's powers, the insurers' duties, the penalties).

2. The Insurance Regulation 2080 B.S. — the implementation's detail.

3. The adjoining faces — the Contract provisions of the Civil Code 2074 (the general contract law's application); the Motor Vehicles and Transport Management Act 2049 (the compulsory

third-party faces); the Securities-and-Companies laws for the listed insurers (the Companies Act 2063's interface); the Social Security Act 2074 (the contribution scheme's boundary); the Bank-and-Financial Institution faces where the bancassurance crosses.

4. The directives — the Authority's circulars (the market's daily governance: the tariffs, the terms, the solvency reporting).

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