Lebanon Decision No. 1471/1971 On the Statutes of Insurance Companies Association in Lebanon

Article 1 - Definitions

In these Statutes, the following terms shall have the meanings ascribed to them hereunder:

  • Association: The legal entity established pursuant to Article 2 of these Statutes.

  • Members: Companies that are affiliated with the Association.

  • General Meeting of Members: The meeting comprising all Members, which may be either ordinary or extraordinary.

  • Board: The elected governing body of the Association, as delineated by these Statutes, and charged with its management.

  • Representative: The juristic person who operates within the General Meeting of Members or the Board, representing the company that is a Member of the Association.

  • Acting Representative: The physical person chosen by a company to stand in for its Representative in the event of the latter's absence or impediment.

  • Committee: The body comprising two or more persons appointed by either the General Meeting of Members or the Board for a specific assignment.

Article 2 - Establishment and Name