Section 43: Management of failing insurance institutions.

(1) Where the Commission or an appointed person has assumed control of the business of the insurance institution in pursuance of section 42 of this Act, the Commission or the appointed person shall remain in control and continue to carry on the business of the insurance institution in the name and on behalf of the insurance institution until such time as-
(a) the Commission is satisfied that adequate provision has been made for the settlement of all outstanding liabilities;
(b) in the opinion of the Commission, it is no longer necessary for the Commission to remain in control of the business of the insurance institution.
(2) The cost and expenses of the Commission or the remuneration of an appointed person, as the case may be, shall be payable from the funds and properties of the insurance institution as a first charge on the funds of the insurance institution.