Kathmandu. The Nepal Insurance Authority has issued directives regarding monetary damage insurance. The Authority has issued provisions regarding insurance to protect against risks that may arise in cash, cash-related equipment and securities in the premises and transit of banks and financial institutions, cash-related institutions, and cash and cash-related equipment and securities held as collateral of financial institutions.
The Insurance Authority has issued the following directives in exercise of the powers conferred by Section 166 of the Insurance Act, 2079 BS.
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