(1) For the purpose of hearing appeals under this Act, there is established an Insurance Appeals Tribunal (in this Act referred to as “the Tribunal”) which shall consist of a chairperson who shall be a person qualified in law of not less than 5 years standing and 2 other members, one of whom shall be a representative of the insurance industry.
(2) The members of the Tribunal shall be appointed by the Governor General on the advice of the Minister and shall, subject to subsections (4), (5) and (6), hold office for such period not exceeding 3 years as may be specified in the instrument of appointment, but shall be eligible for re-appointment.
(3) A member of the Tribunal other than the chairperson may at any time resign his or her office by instrument in writing addressed to the chairperson who shall transmit it to the Governor General.
(4) The chairperson of the Tribunal may at any time resign this office by instrument in writing addressed to the Governor General.
(5) The Governor General acting on the advice of the Minister may at any time revoke the appointment of the chairperson or any other member of the Tribunal.
(6) At any meeting of the Tribunal, the chairperson and one other member shall constitute a quorum.
(7) The members of the Tribunal shall be paid such remuneration and allowances as may be prescribed.
(8) A secretary shall be appointed to the Tribunal and the secretary shall perform such duties as may be prescribed.
(9) Subject to this section, the Tribunal may regulate its own procedure.
(10) Where a member of the Tribunal is for any reason temporarily unable to perform his or her duties under this Part, the Governor General on the advice of the Minister may appoint some other person to act as a temporary member of the Tribunal during such inability; save that where the member is the chairperson, the person appointed to act in his or her stead shall be a person qualified in law of not less than 5 years standing.