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5 regulators · 3 laws & regulations · 2 obligations · 1 enforcement action

Nepal Insurance Authority NIA

Official site
https://nia.gov.np
Constituting statute
Insurance Act, 2079 BS, section 3
Supervises Insurance

Who they are

The insurance regulator, established under section 3 of the Insurance Act, 2079 BS. It took over from the Insurance Board (Beema Samiti) when that Act came into force.

What they do

Licenses insurance companies and intermediaries, sets capital requirements, issues bylaws and directives, decides complaints brought by policyholders against insurers and operates a policyholder protection fund (Act, section 5).

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Related regulators

Others in Nepal supervising overlapping sectors.