; (B) not less than 1 individual who has experience or expertise in the management of insurance companies; (C) not less than 1 individual who has experience or expertise in the regulation of insurance companies; and (D) not less than 1 individual who has experience or expertise in disaster relief. (3) Terms (A) In general Each member of the Commission shall be appointed for a term of 4 years, except as provided in subparagraph (B). (B) Initial appointees As designated by the President at the time of appointment, of the members first appointed to the Commission— (i) 5 shall be appointed for terms of 6 years; and (ii) 6 shall be appointed for terms of 4 years. (4) Chairperson The President shall designate a chairperson of the Commission from among members appointed to the Commission. (c) Prohibition of pay Members of the Commission shall serve without pay. (d) Travel expenses Each member of the Commission shall receive travel expenses, including per diem in lieu of subsistence, in accordance with sections 5702 and 5703 of title 5, United States Code, except that such expenses shall be paid by the Corporation. (e) Duties The Commission shall— (1) in coordination with the Administrator, assist the Corporation in establishing the terms and conditions of the insurance program under subtitle A, review such terms and conditions, and approve or disapprove such terms and conditions as appropriate to carry out this title; and (2) review the annual premium charges established under section 804 by the Corporation to determine whether such charges are established in compliance with the requirements of such section, and if so, certify such compliance to the Corporation. (f) Continuation Section 14(a)(2)(B) of the Federal Advisory Committee Act (5 U.S.C. App.