Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf a terminating manager of the health benefits funds of a private health insurer has been appointed, then, for so long as the appointment is in force and until the termination is completed:
(a) the management of the fund vests in the terminating manager; and
(b) any officer of the responsible insurer for the fund who was vested with the management of the fund immediately before the appointment is, by force of this section, divested of that management.