1)

The Company shall provide the CBUAE with a detailed annual report on its operations signed by the Chairman, the Authorized Manager or authorized signatories of the Company, including the annual financial statements, financial reports reflecting detailed profits and losses of the type of insurance carried out by the Company and each branch thereof and the Auditor’s report, within a period not exceeding (3) three months from the end of the fiscal year. the CBUAE shall be delivered a copy of the report, at least (15) fifteen business days before inviting to the general assembly meeting.

2)

The Company shall not present the accounts and financial statements referred to in Clause (1) above to the general assembly meeting except after obtaining the CBUAE’s approval.

3)

The Chairman or Director General shall promptly notify the CBUAE if the Company is exposed to serious financial or administrative situations compromising the rights of the Insured or Beneficiaries.