A corporate Actuary may open a branch or other branches in the Emirates of the States in accordance with the following conditions:

1. Submitting an application to open a branch or branches and obtaining the approval of the Director General;
    
2. The lapse of at least one year from the date of obtaining the license for the main office thereof, and if there were sanctions or administrative proceedings imposed on them during the year prior of submitting the application, then the Insurance Authority Board of Directors Decision No. (12) of 2016 Concerning the Elapse of Impact of the Disciplinary Sanctions imposed on Insurance-Related Professions, shall be taken into consideration.
    
3. The conditions set forth in Article (3) herein must be satisfied by each person that conducts actuarial functions.
    
4. Approval by the competent authority in the respective Emirate to open the branch.