Section 5, The Insurance Act, 2000

(1) The Commission shall ordinarily meet for the dispatch of its business at such times and places as the Chairman may determine and in any event the Commission shall meet at least once a month. (2) A special meeting of the Commission shall be held upon a written request of at least three members of the Commission addressed to the Secretary to the Commission. (3) The Chairman shall preside at meetings of the Commission and in his absence the other members shall appoint a member to preside. (4) The quorum for any meeting of the Commission shall be five. (5) Decisions at meetings of the Commission shall be determined by a majority of the votes of the members present and voting and in the event of an equality of votes, the Chairman or person presiding shall have a second or casting vote. (6) The validity of any proceedings of the Commission shall not be affected by any vacancy among its members or defect in the appointment of any member. (7) Except as otherwise provided, the Commission shall regulate its proceedings. [Margin: Disclosure of interest.]