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<span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div>
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As per the directive of the IB, life insurance companies can spend only up to six percent of the annual gross premium collected from new insurance policies on guest entertainment, business promotion, advertisement, and agent incentives. However, the company has been found to have spent more than 16 per cent on the four areas. “Action has been taken against the CEO of the company,” informed the IB’s chartered accountant Santosh Prasain.</div>
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<span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div>
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Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.</div>
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<span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div>
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The Insurance Board (IB) fined the Chief Executive Officer of Prime Life Insurance Company, Resta Jha, Rs 10,000 last Wednesday for violating its directive regarding the cap on management expenses. </div>
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As per the directive of the IB, life insurance companies can spend only up to six percent of the annual gross premium collected from new insurance policies on guest entertainment, business promotion, advertisement, and agent incentives. However, the company has been found to have spent more than 16 per cent on the four areas. “Action has been taken against the CEO of the company,” informed the IB’s chartered accountant Santosh Prasain.</div>
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<div>
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<hr />
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<span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div>
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Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.</div>
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The Insurance Board (IB) fined the Chief Executive Officer of Prime Life Insurance Company, Resta Jha, Rs 10,000 last Wednesday for violating its directive regarding the cap on management expenses. </div>
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<span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div>
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<div>
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<div>
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<div>
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<span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div>
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The Insurance Board (IB) fined the Chief Executive Officer of Prime Life Insurance Company, Resta Jha, Rs 10,000 last Wednesday for violating its directive regarding the cap on management expenses.
The IB has fined him in charge of spending more than the amount for management expenditure stated in the IB’s regulation.
As per the directive of the IB, life insurance companies can spend only up to six percent of the annual gross premium collected from new insurance policies on guest entertainment, business promotion, advertisement, and agent incentives. However, the company has been found to have spent more than 16 per cent on the four areas. “Action has been taken against the CEO of the company,” informed the IB’s chartered accountant Santosh Prasain.
Likewise, the IB has also directed the company to put the excess of management expenses on the company’s books in a way that it is borne only by the shareholder.
“We made this directive to the company so that the insured parties do not have to bear the liability,” said Prasain.
Prasain also said that the IB has not yet decided to conduct a due diligence audit (DDA) of the company. The board has taken action against the company while the company’s staff are accusing CEO Jha of embezzling Rs 3.27 million. Prasain said that the Board will only investigate the case after the complaints is received by the Board. “We will investigate the case if a complaint is lodged with the Board,” he said. Investigation could also be initiated if any malpractices are found in the financial report, he added.
Jha Reappointed
Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.
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<span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div>
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Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.</div>
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<span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div>
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Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.</div>
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<span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div>
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Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.</div>
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<span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div>
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Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.</div>
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<hr />
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<span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div>
<div>
</div>
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Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.</div>
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As per the directive of the IB, life insurance companies can spend only up to six percent of the annual gross premium collected from new insurance policies on guest entertainment, business promotion, advertisement, and agent incentives. However, the company has been found to have spent more than 16 per cent on the four areas. “Action has been taken against the CEO of the company,” informed the IB’s chartered accountant Santosh Prasain.</div>
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<hr />
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<span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div>
<div>
</div>
<div>
Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.</div>
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<div>
The IB has fined him in charge of spending more than the amount for management expenditure stated in the IB’s regulation. </div>
<div>
</div>
<div>
As per the directive of the IB, life insurance companies can spend only up to six percent of the annual gross premium collected from new insurance policies on guest entertainment, business promotion, advertisement, and agent incentives. However, the company has been found to have spent more than 16 per cent on the four areas. “Action has been taken against the CEO of the company,” informed the IB’s chartered accountant Santosh Prasain.</div>
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<div>
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“We made this directive to the company so that the insured parties do not have to bear the liability,” said Prasain. </div>
<div>
</div>
<div>
Prasain also said that the IB has not yet decided to conduct a due diligence audit (DDA) of the company. The board has taken action against the company while the company’s staff are accusing CEO Jha of embezzling Rs 3.27 million. Prasain said that the Board will only investigate the case after the complaints is received by the Board. “We will investigate the case if a complaint is lodged with the Board,” he said. Investigation could also be initiated if any malpractices are found in the financial report, he added.</div>
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<hr />
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<span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div>
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Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.</div>
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The Insurance Board (IB) fined the Chief Executive Officer of Prime Life Insurance Company, Resta Jha, Rs 10,000 last Wednesday for violating its directive regarding the cap on management expenses. </div>
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<div>
The IB has fined him in charge of spending more than the amount for management expenditure stated in the IB’s regulation. </div>
<div>
</div>
<div>
As per the directive of the IB, life insurance companies can spend only up to six percent of the annual gross premium collected from new insurance policies on guest entertainment, business promotion, advertisement, and agent incentives. However, the company has been found to have spent more than 16 per cent on the four areas. “Action has been taken against the CEO of the company,” informed the IB’s chartered accountant Santosh Prasain.</div>
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<div>
</div>
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“We made this directive to the company so that the insured parties do not have to bear the liability,” said Prasain. </div>
<div>
</div>
<div>
Prasain also said that the IB has not yet decided to conduct a due diligence audit (DDA) of the company. The board has taken action against the company while the company’s staff are accusing CEO Jha of embezzling Rs 3.27 million. Prasain said that the Board will only investigate the case after the complaints is received by the Board. “We will investigate the case if a complaint is lodged with the Board,” he said. Investigation could also be initiated if any malpractices are found in the financial report, he added.</div>
<div>
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<div>
<hr />
<div>
<span style="font-size:14px;"><strong><img alt="Resta Jha" src="/userfiles/images/rj.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 135px;" />Jha Reappointed </strong></span></div>
<div>
</div>
<div>
Resta Jha, alleged for violating directives regarding expenses, has been reappointed as the Chief Executive Officer of the Prime Life Insurance Company Ltd. The meeting of the Board of Directors (BoD) held last Monday (September 23) appointed Jha for a second consecutive term of four years, informed the company’s chairman Pramod Kumar Karki.</div>
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Jha Reappointed 
