Insurance Agents Reject Drafted Insurance Regulation, Handover 17 Indexes Request Letter

23 june 2023 Kathmandu, Association of professional insurance agent (APIA) rejected Nepal insurance authority (NIA) drafted newly insurance regulation. Team of insurance agents has been handover 17 indexes request letter to the NIA. Drafted Insurance regulation 2080 was not discussed with stakeholders and APIA claimed that many of topic has not in favor of insurance agents. 17 indexes demanded to rethink rivised of insurance regulation stated by handover request letter, later draft document brought without discussion, cause of more drafted document indexes necessary to revised, reason of remain more affect points against the insurance agents. Association drafting format demanding back to from ministry of finance. With authority or with various insurance company’s agents representative doing and having previous agreements trying to reduce agents services, facilities, not to avoid, not to allocate in regulation. Relation with Insurance agent’s license and renew insurance authority limitation according to provide percentage in renew certificate should be submitted chapter demanding to remove. Concerning with renew ”insurance agent’s license rule 47s sub-rule 9, 10 (b) as a sold insurant criteria’s renew chapter percentage systems should be removed. Renewed Insurance certificate do or not claiming its subject own rights.” said, Nepal insurance agent association own their request letter.