These Regulations are adopted pursuant to Article 137, paragraph 5 of the Insurance Act.

The issuance of establishment permits to and regulation of foreign insurance enterprises operating within the territory of the Republic of China (ROC) are governed by these Regulations. Matters not provided for herein shall be governed by the Insurance Act and any directive issued upon authorization granted under the Insurance Act.
Exercise of the powers accorded under the Insurance Act, or under any directive issued upon authorization granted under the Insurance Act, to a board of directors or shareholders meeting of a foreign insurance enterprise, may be carried out, to the extent that the company in the home country has given lawful authorization, by the enterprise's "responsible person in the ROC" ("Responsible Person").

The term "home country" in these Regulations means the country or territory that has enacted the laws under which a foreign insurance enterprise has registered its incorporation or commenced business operations.
The term "responsible person" in these Regulations means the managerial officer who represents a foreign insurance enterprise within the territory of the ROC.

Litigation related to an insurance contract involving a foreign insurance enterprise shall be subject to the jurisdiction of the courts of the ROC unless otherwise stipulated in the insurance contract.

The scope of the business operations of a foreign insurance enterprise in the ROC is subject to the restrictions set out by law in the ROC and the enterprise's home country.