Order of the Falcon the left shoulder. In summary: If a holder is promoted to a higher rank, the lower rank's insignia must be returned. The insignia is retained during the recipient's lifetime, but it must be returned to the Icelandic Government upon his or her death. Order of the Falcon The Order of the Falcon () is the only Order of Chivalry of Iceland, founded by King Christian X of Denmark and Iceland on 3 July 1921. The award is awarded for merit for Iceland and humanity and has five degrees. Nowadays, appointments are made on the nomination of the President of Iceland
Order of the Sword but these were later multiplied by division into classes. The motto of the order is in Latin: "Pro Patria" (which means "For Fatherland"). The order was created by King Frederick I in 1748, along with two other orders, the Order of the Seraphim and the Order of the Polar Star. In 1788, King Gustav III created two new grades of the order, which could only be bestowed in war time: These grades proper were only given to commissioned officers, but an affiliated decoration, the "Svärdstecken" ("Badge of the Sword"), introduced in 1850, was given to non-commissioned officers; one thus decorated