The existing licensed composite insurance companies shall comply with the following:

1. Performing complete separation between the insurance of persons and fund accumulation operations and property and liability insurance operations in terms of: technical, financial, technological, administrative and legal procedures, and the related matters including systems, processes, and technical, administrative and financial personnel, with the exception of the company's general manager.
    
2. Preparing of all reports and financial statements required by law, regulations, instructions and decisions issued pursuant thereto, on a consolidated basis, and on a separate basis for the insurance of persons and fund accumulation operations and property and liability insurance operations.