The Consultant shall abide by the following rules and ethics of practicing the insurance consultancy profession:
1. To make every possible scientific effort in order to ensure that the advice provided by him is based on principles consistent with the provisions of the laws, regulations, instructions and decisions issued by the competent authorities and compatible with the common insurance principles. Therefore, he shall give the required due care to achieve that.
2. To explain to the Client the nature of the task performed by him objectively and to make his relationship with the client under a written agreement.
3. Not to put himself in a position that can be described as conflict of interest towards the Client, and in the event of such a situation, he must withdraw from the task assigned to him if he is unable to remove the conflict of interest.
4. To maintain the information, data and documents submitted to him by the client or company, with the necessary care and confidentiality, unless such information, data and documents is required to be presented to a related party.
5. The Consultant shall not assign another Consultant with the task assigned to him except with the consent of the Client.
6. The Consultant shall not provide consultation or advice based on non-objective grounds for dealing with one company or another.
7. The Consultant shall not be entitled to remuneration or fees from any other party or person other than the Client who deals with him.