Insurance Act 2049 is published and authenticated on 2nd Poush 2049 (16-Dec,1992) to systematize, regularize, develop and regulate the Insurance Business by the formation of an insurance board, rules, and procedures. Nobody can open an insurance company and run an insurance business without following the rules and procedures written in this act.
Specification:
- Registration, Renewal, and Cancellation of registration for Insurance Company
- Insurance Intermediaries: agents, brokers, and surveyors.
- Payment of Insurance Claim
- Insurance offense, punishments, and fines.
Source: PDF Copy of Insurance Act 2049, provided above was downloaded from Beema Samiti.
