1)

Companies that engage in the insurance of persons and fund accumulation may not deduct, whether directly or indirectly, any part of their funds corresponding to their obligations arising from the Insurance Policies to distribute it as dividend to shareholders or Policyholders, or to pay any amount beyond their obligations under the Insurance Policies it issued. The distribution of dividend shall be limited to the amount of money in excess, as determined by the Actuary in their report, after conducting the examination referred to in Article (57) above.

2)

For the purpose of applying the provisions of this Article, the Company’s funds in the State and abroad may be considered as an integral unit, without prejudice to the provisions of Article (23) above.