According to Icelandic law, using the national flag is a privilege and not a right. The owner must follow instructions on its usage and make sure that his or her flag is in mint condition regarding colouring, wear and tear. It also states that no-one shall disrespect the flag in act or word, subject to a fine or imprisonment of up to one year. A pattern by Hélène Magnússon and a wink to the Icesave issue.
*see characteristics & info