Section 6, The Insurance Act, 2000

(1) Any member of the Commission who has any interest in a contract proposed to be made with the Commission shall disclose the nature of his interest to the Commission and shall not participate in any deliberations of the Commission in respect of that contract. (2) A member of the Commission who infringes subsection (1) shall be liable to be removed from the Commission. [Margin: Committees of the Commission.]