Insurance legislation and Nepalese regulator

Insurance legislation and Nepalese regulator

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Insurance and Risk Management (FIN 254)

Unit 11: Insurance Company Operations and Regulation

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of insurance legislation and nepalese regulator.
• Apply the relevant financial concepts or calculations and explain their assumptions, risks and analytical limits.

Curriculum Scope

• Features and coverage of existing Insurance Act and insurance regulation
• Role and functions of Beema Samiti (Insurance Board) in regulating insurance in Nepal

Detailed Microsyllabus

1. Legislation

   1. Study the applicable Insurance Act and regulation.
   2. Features and coverage of the legal framework.
   3. Use official versions and amendments.

2. Regulator

   1. Retain Beema Samiti or Insurance Board as the curriculum label.
   2. Consult the Nepal Insurance Authority introduction for institutional context.
   3. Distinguish the historical source label from the applicable regulator.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 92–96.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Examples involving current laws, rates, institutional products or Nepalese status must identify the relevant period and official materials; no changing numerical or legal requirements are invented here.