Article 26

For the purpose of applying the provisions of this Law, an insurance broker means every person who mediates against a certain commission specified in a direct insurance contract for the account of an insurance company or organisation subject to the provisions of this law should be a person other than its employees or a person not concerned with insurance affairs at the Ministry of Commerce and Agriculture.

Article 27

Any person acting as an insurance broker shall be registered in the Register intended for this purpose at the Ministry of Commerce and Agriculture.

An order issued by the Ministry for Commerce and Agriculture shall determine the terms and conditions to be fulfilled by those to be registered in this Register, whether they are natural or corporate persons, and conditions for renewal of registration. The said order shall regulate the other conditions for the business of insurance brokers.

Insurance companies and organisation shall not accept a local insurance transaction from any person unless he is one of the brokers registered in the Register intended for this purpose.

Article 28

Persons carrying on the business of actuaries in firms other than the government, public organisations and institutions and companies fully owned by the State, shall be registered in the Register intended for this purpose at the Ministry of Commerce and Agriculture.

An order of the Minister for Commerce and Agriculture shall lay down the terms and conditions to be fulfilled by the persons to be registered in this Register, whether they are natural or corporate persons, and conditions for renewal of registration. The said order shall regulate the other conditions governing the business of actuaries.

Article 29

For the purpose of enforcing the provisions of this law, inspection and loss adjusters shall be defined as every person who carries on the business of inspecting damages, adjusting them, investigating the cause thereof, extent of coverage by the policy of such damages, submitting proposals with respect to improving methods of protection against risks and preserving the items subject to insurance, if so requested.

Article 30

Persons carrying on the business of inspection and loss adjusters shall be registered in the Register intended for this purpose at the Ministry of Commerce and Agriculture.

An order of the Minister for Commerce and Agriculture shall lay down the terms and conditions to be fulfilled by the persons to be registered in this Register, whether they are natural or corporate persons, and conditions for renewal or registration. The said order shall regulate the other conditions governing the business of inspection and loss adjusters.

Article 31

For the application of the provisions of this law, insurance consultants shall be defined as every person who studies insurance requirements of his customers, gives advice and guidance to them as to the best methods for underwriting, compensation and the appropriate insurance cover and assists in preparing insurance requirements without undertaking any insurance business or acting as a broker in such business. He shall receive his fees from his customers.

Article 32

Persons participating as insurance consultants shall be registered in the Register intended for this purpose at the Ministry of Commerce and Agriculture.

An order of the Minister for Commerce and Agriculture shall lay down the terms and conditions to be fulfilled by the persons to be registered in this Register, whether they are natural or corporate persons, and conditions for renewal of registration. The said order shall regulate the other conditions governing the business of insurance consultants.

Article 33

Pending the issue by the Minister for Commerce and Agriculture of the orders provided for in this Chapter with respect to insurance brokers, actuaries, inspection and loss adjusters and insurance consultants, the currently applicable rules, regulations and conditions with respect to insurance brokers, actuaries, inspection and loss adjusters and insurance consultants shall continue to be in force.