Section 8, The Insurance Act, 2016

(1) There shall be a Commissioner of insurance who shallbe appointed by the President subject to the approval of Parliament and who shall be the chief executive of the Commission. (2) The Deputy Chief Executive of the Commission shall be the Deputy Commissioner of Insurance (hereafter referred to as “the Deputy Commissioner”), and shall be appointed by the President subject to the approval of Parliament. (3) The Commissioner and Deputy Commissioner shall be persons possessing recognised professional qualifications and proven experience in insurance matters. (4) The Commissioner shall, subject to such general directions as the Commission may give on matters of policy, be responsible for the day- to-day administration of the Commission. (5) The Deputy Commissioner shall assist the Commissioner in the performance of his duties and shall perform such other duties as the Commission may after consultation with the Commissioner direct.