(1) The judicial menageries entitled to be paid remuneration for services as judicial manager and to be reimbursed reasonable costs and expenses.

(2) The remuneration payable to the judicial manager, and the costs 'and expenses to be reimbursed shall be fixed by the court.

(3) Unless the Court otherwise orders,

(a) the remuneration, costs and expenses of the judicial manager are payable out of the assets of the insurer in respect of which the: judicial manager is appointed, and

(b) the judicial manager has a charge over the assets of the insurer for remuneration, costs and expenses.

(4) Unless the Court otherwise orders, the charge specified in subsection

(a) ranks in priority to any floating charge to which the assets of the insurer may be subject, and

(b) continues to subsist after the discharge of the judicial management order,