Directed by Authority Terrorism Bearing Fund Return to Nepal Reinsurance Company

Kathmandu, Nepal Insurance Authority regarding to terrorism risk bearing fund decided to return Nepal Reinsurance Company.

According to sources after the presser of finance minister Dr. prakasharan mahat’s direction.

Insurance company’s Letter of Terrorism Risk Bearing Fund hand over to the reinsurance company. According to authority’s direction decision was concluded.      

Nonlife Insurances Risk Group RSMDST’ claimed bearing, manage to reinsurance and regarding with other insurance risks payment deed from the Nepal government Act 2060 was issued emergency insurance fund conduction. Regulation as 2060 was established same emergency insurance fund doing the continue those insurance fund’s conduction right.    

This terrorism risk insurance provided for in conflict period for management to loss recover. Responsible with Assets and liability under the Nepal government’s insurance act 2071, the government was decided to managed through insurance company. Nepal re-insurance company provide a direction from authority.