Export Credit and Foreign Investments Insurance Act, 1957 (Act No. 78 of 1957)7. Establishment of committees |
| (1) | The Corporation shall establish, in consultation with the Minister, a committee which shall evaluate applications for contracts of insurance. |
[Sub-section (1) substituted by section 7 of Act 9 of 2001.]
(2)
| (a) | The members of any committee established under subsection (1) shall be appointed at such remuneration and allowances and on such conditions as may be determined by the Minister in consultation with the Minister of Finance, and the said remuneration and allowances shall be paid out of the Fund. |
| (b) | A member of any committee referred to in subsection (1), who is in the full-time employment of the State, shall not receive any remuneration in respect of his or her services as such a member, and any travelling or subsistence allowance paid to such a member shall be in accordance with the laws governing his or her employment by the State. |