Section 3(8) in The General Insurance (Emergency Provisions) Act, 1971
(8)The persons in charge of the management of the undertaking of an insurer under this Act shall be entitled to such remuneration, whether by way of allowance or salary or perquisites as the Central Government may fix; and any such person may, by giving one month' s notice in writing to the Central Government of his intention so to do, relinquish charge of the management of the undertaking.
