(1) The Board may establish committees consisting of members of the Board or non-members or both to perform a stated function.

(2) A committee with one or more members of the Board shall be chaired by a member of the Board.

(3) Section 7 applies to members of the committees of the Board.

(4) Without limiting subsection (1) there is hereby established the following committees:

(a) Finance and Investment Committee

(b) National Health Insurance Oversight Committee; and