1. The chairman and the members of the board of directors of the company, its general manager and the authorized manager or whosoever acting on his behalf or any of the company's managers or a senior officer shall not:

1. Participate in managing other competing insurance company or a similar company thereto,
2. Compete the company's operations or do any actions or an activity that conflicts with the company's interest,
3. Carry out the operations of an insurance agent or a broker,
4. Receive a commission for any of the insurance operations.

2. Whosoever be in charge of the management of the company or any employee therewith shall not represent any of the shareholders of this company.