The license issued to the company by the Authority shall contain the following:

1. An approval by the Authority to finalize establishment of the company according to the conditions and requisites provided for in the legislations prevailing in the State including the Law and the Regulation herein, and the rules and directives issued pursuant thereto.
    
2. Classes and types of insurance to be carried out by the company after accomplishing its establishment procedures and registration in the register.
    
3. The period within which the establishment of the company has to be completed. However, the Director General in special cases may extend such period to a similar period.
    
4. Any other requisites may be resolved by the Board according to the provision of the Regulation herein.