13A. Appointment of the Fund Manager: (1) The Government of Nepal
may appoint or specify a person having the following qualification to the
post of Fund Manager:-
(a) Having the experience of at least ten years in the
sector of insurance, reinsurance and claim after
obtaining the degree of bachelor level in the
minimum from a recognized educational
organization.
(b) Completion of the age of Thirty Five years and not
exceeding the age of Sixty years.
Provided that, the person among the existing officer staff of the
Insurance Committee prescribed by the Chairperson shall act as the
Fund Manager until the appointment of Fund Manager.
(2) The Fund Manager shall be the main administrative officer of
the Secretariat. The Fund Manager shall have full authority and duty to
execute the decisions of the Board of Directors and to supervise and
control the activities of the Fund.
(3) The tenure of the Fund Manager shall be three years and he
may be reappointed and specified.
(4) The terms and conditions of service and facility of the Fund
Manager shall be as prescribed by the Government of Nepal in the
recommendation of the Insurance Committee.
(5) Notwithstanding anything written elsewhere in these Rules,
the Board of Directors, having maintained the due process prescribed by
the Insurance Committee, may dismiss the Fund Manager from his post
in the case of his committing any act against the objective of these Rules
and welfare of the Fund by causing loss to the Fund or his failure to
accomplish function in consonance with the policy and direction of the
Board of Direction.
Provided that, the Fund Manger shall not be deprived of the
opportunity to submit his explanation for defense before such dismissal
from his post.