Kathmandu: The online examination for an agency license will take a few more months to be executed. The Nepal Insurance Authority and the insurers as well have not accomplished the required preparation for online examination conduction.
The Authority has allowed the insurers to conduct the license examination physically by themselves on an ad-hoc basis. The regulatory authority made it mandatory to appear in the license examination after the execution of the Insurance Act 2079. The Authority started the examination system in the month of Mangsir 2079.
According to the Authority above 30,000 candidates have obtained agency licenses after appearing in the license examination.
The Authority has already issued Agency License Examination Guidelines 2079 to facilitate the license examinations. Earlier, there was no mandatory provision for the license examination.