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Kathmandu, March 19: Nepal Insurance Authority, the regulatory body, has started insurance agents management system. With the aim of fully implementing the existing legal arrangement that one agent cannot join more than one insurance company of the same type, the authority has started management through an online system. Chairman of
The Nepal Insurance Authority has selected the proposals of seven companies to operate micro insurance business.
With the Insurance Act-2079 BS coming into force from today, Nepal Insurance Authority (NIA) has formally begun its business.