1)

The procedures related to the suspension of business or revocation of the license for one or more types of insurances under the decisions issued by the Board in this regard.

2)

The issuance of a decision to suspend the business or revoke the license for one or more types of insurance shall:

a.

Prohibit the conclusion of Insurance Policies for one or more types of insurance subject of suspension or Revocation; and

b.

Consider all rights and obligations arising from Insurance Policies concluded before the suspension of business or revocation of the license effective and the Company shall be liable for the same.