Chapter Two Insurance Contracts
Article 5
The applicant shall fill out an application form when entering into an insurance contract. The applicant and the insured shall answer all the questions on the form truthfully, sign or affix their seals on the form, and then give it to Chunghwa Post along with the first premium payment.
After receiving the premiums as mentioned in the preceding paragraph and agreeing to insure it, Chunghwa Post shall issue a receipt.
Article 6
When the applicant and the insured are not the same person, the applicant and the insured shall meet with the insurance agent together.
Insurance agents as mentioned in the previous paragraph hereof refer to persons who are engaging in soliciting postal simple life insurance business.
Article 7
After comprehensive assessment on an application for a postal simple life insurance policy, Chunghwa Post may refuse to underwrite a contract if the insured fails to meet the underwriting standards. However, the insured shall not be denied coverage solely because he/she is physically or mentally disabled. Chunghwa Post shall notify the applicant in writing of the reasons for not underwriting the policy. Chunghwa Post may also decide to offer to lower the amount of insurance or shorten the period of insurance for the reasons of physical or mental handicap of the insured, however, the reasons shall be stated in writing, in such circumstances, Chunghwa Post shall underwrite the insurance after the applicant agrees to the changes.
Article 8
All policies shall bear the signature or seal of the vice president in charge of the life insurance business of Chunghwa Post, the assistance manager or the personnel with sufficient authority and shall be countersigned by the director of the Life Insurance Department and shall include the following entries:
1. The amount insured.
2. The type of insurance and the period of insurance.
3. The premium.
4. The name of the applicant.
5. The name of the insured.
6. The name(s) of the beneficiary.
7. The date the insurance contract goes into effect.
8. The number and contract the date of issue of the insurance policy.