23(1)A board may, with the approval of the Commission and subject to such terms and conditions as the Commission determines from time to time, establish and maintain one or more funds which may be used to indemnify producers or protect producers against financial loss suffered by them or on their behalf in respect of the marketing of a regulated product.

23(2)Where a fund is established under subsection (1), the board may, by order, levy and collect from the producers such amounts as are required for the operation of the fund, and the payments made into the fund shall not form part of the licence fee or service charge applicable to those producers.

23(3)The Insurance Act does not apply to a fund operated under this section.