6.2 Insurance Board's Action against the Insurers: Registration, Merger andAcquisition and Liquidation of Insurance Business

(The "Insurance Board" of the syllabus = today's Nepal Insurance Authority — the Act 2079's rename; the functions continue.)1. The registration's management — the grant, the renewal, the conditions' imposition.2. The merger-and-acquisition supervision — the consolidation wave's regulation (the regulator's merger policy — the capital-and-market-driven consolidations of the 2070s; the scheme's approval; the policyholders' protection in the merger — the portfolio's transfer faces).3. The liquidation-and-winding machinery — the insurer's failure treatment (the special regime vs the ordinary companies' winding — the policyholders' priority); the Authority's initiation (the registration's cancellation following the insolvency-and-solvency-breach faces); the administrator's interim management (the business's continuation for the policyholders' sake).