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Article (16): Prohibitions

1)

It is prohibited for the Company’s chairman, Board Members, Director General and Authorized Manager or who acts on their behalf to:

  

a.

Engage in managing other competing Insurance Company or any company that carries out the same or similar Insurance activity;

  

b.

Compete the Company’s business or carrying out any action or activity that conflicts with the Company’s interest;

  

c.

Practice as an Insurance Agent or Broker; or

  

d.

Receive a commission for any insurance operation.

2)

It is prohibited for any Person who assumes the management of the Company or any employee thereof to be a representative of any shareholder of the Company.