1)

The CBUAE may assign any of its employees or any other licensed or authorized Person to inspect the Company or any other company owned by such Company or is affiliated thereto, in order to ensure the soundness of its financial position and its compliance with the provisions of this Decree-Law and the resolutions, regulations, and instructions issued in pursuance thereof, as well as other laws and regulations in force in the State.

2)

The CBUAE shall coordinate with the relevant regulatory authority in case of the inspection of companies owned by the Insurance and Reinsurance Companies, Insurance-Related Professionals or associated Companies, which are subject to the regulatory authorities.

3)

The CBUAE may, in coordination with the relevant authorities in the State, inspect premises of any Person suspected to carry out any insurance and reinsurance business or the Insurance-Related Professions. To that end, the CBUAE may obligate the suspected Person to provide all information, documents and records related thereto and to seize them.

4)

The Companies and the Insurance-Related Professionals and companies owned by and affiliated to the same shall provide the inspector with whatever data, information, records, books, accounts and documents related to the subject of the inspection on the dates specified by him.

5)

The inspector may collect the necessary information and clarifications from any Person with whom the Company or the owner of the Insurance- Related Profession has a relationship with regard to the subject of the inspection.

6)

The inspector may summon any Person at the time and place specified by them to provide information, data, documents or records related to the inspection.

7)

The CBUAE may assign one of its employees or a specialized expert to guide the Company and the Insurance-Related Professions or supervise some operations within a specific period determined by the CBUAE. If the expert is from outside the CBUAE, the Company and the Insurance-Related Professions shall pay his remuneration determined as determined by the CBUAE.

8)

The Company and the Insurance-Related Profession shall bear all expenses of inspection and investigation that another person is assigned to carry out, pursuant to the provisions of Clause (1) above, if it is proved that it violates the provisions of this Decree-Law and the statutes and resolutions issued in pursuance thereof.