INSURANCE ACT, 1994

PART II
CONSTITUTION OF AN AUTHORITY

4.(1) The Authority for the purposes of this Act shall be-

(a) a person designated by the Minister as the Authority; or

(b) a body corporate constituted under subsection (2).

(2) The Minister may be Order published in the Gazette constitute an Authority which shall be a body corporate consisting of such number of person as may be specified in the Order.

(3) An Order under subsection (2) may provide for the name, registered address, meetings, finance, staff, administration and management of the Authority and any matter necessary for carrying out the functions of the Authority.

(4) Where the Minister designates a person, being an individual, as the Authority under subsection (1)(a), the Minister shall provide the Authority with the necessary staff and office accommodation required for the performance of its functions.