9. Board of Directors of the Fund: (1) The Government of Nepal shall
constitute a Board of Directors having the following chairperson and
members to operate the Fund.
(a) Person specified by the
Government of Nepal –
(b) Three representatives nominated
by the Government of Nepal on
condition to be proportionately
represented the insurers –
(c) Fund manager –
Chairperson
Member
Member Secretary
(2) The Board of Directors, if it deems necessary, may invite any
domestic or foreign expert to be present as an observer at the Meeting of
the Board of Directors.
(3) The tenure of the members of Board of Directors shall be 3
years.
(4) The Secretariat of the Board of Directors shall be located in
the Office of the Insurance Committee.