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Summary

The Karnali State Government has established the "Disaster Risk Insurance Procedure, 2076" under the authority of Section 3 of the Administrative Procedures (Regulation) Act, 2075, effective immediately. This procedure aims to provide disaster risk insurance for private residences and collective disaster incidents in risk-prone areas. It defines key terms such as "average condition," "insurance company," and "insurance fee." The procedure outlines that the provincial government pays the insurance premiums and details the roles of various entities, including the Ministry of Home Affairs and Law. It also includes provisions for identifying insured individuals and determining the number of buildings to be insured.