This legislation has been repealed.
(1) The committee shall consist of 3 members nominated by the approved insurers or a majority of them.
(2) Each member of the committee—
(a) shall be appointed by the Minister; and
(b) shall, subject to this Act, hold office for such period as is specified in the instrument of his or her appointment; and
(c) shall be eligible for reappointment.
(3) Where a vacancy occurs in the membership of the committee as the result of a member ceasing to hold office at any time before the expiration of the period of the member's appointment, the Minister may appoint a person nominated in accordance with subsection (1) for the unexpired portion of the period of that member's appointment.