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
Honorary Order of the Palm on the badge. The "Star" of the Order is an eight-pointed gold gilt star with straight rays. The central disc is the same as that of the badge. The military division has crossed swords on the star. The "Medal" is round, with a gold or silver version. It shows the stylized palm surrounded by a circlet with the motto of the order. The "Ribbon" of the order is green with a central white stripe. Honorary Order of the Palm The Honorary Order of the Palm (Dutch: "Ere-Orde van de Palm") is a military and civil state decoration of the Republic