Chapter III Maximum Amount and Guarantee for Liabilities
Article 24
The liability of a nuclear installation operator for nuclear damages arising out of each single nuclear incident shall be limited to Four Billion Two Hundred Million New Taiwan Dollars(NT$4,200,000,000).
The preceding maximum amount does not include interest and costs of litigation.
Article 25
A nuclear installation operator shall maintain liability insurance or financial guarantee sufficient to cover the maximum amount of nuclear damage compensation liability and may operate the nuclear installation or transport nuclear material only upon the approval from the Atomic Energy Council of the Executive Yuan.
The preceding stipulation is not applicable to the nuclear installations of the Central Government, provincial or municipal government and their research organizations.
In respect of operation of a nuclear installation or transportation of nuclear material, applications may be filed with the Atomic Energy Council of the Executive Yuan for reduction of the amount of liability insurance or financial guarantee within a certain limit; the said limit shall be stipulated by the Atomic Energy Council of the Executive Yuan.
Article 26
The insurer of liability insurance or the guarantor of the financial guarantee prescribed in the preceding Article shall not cease or terminate the said liability insurance or financial guarantee during the term of the insurance or guarantee unless the Atomic Energy Council of the Executive Yuan is notified in writing two months in advance and has given approval therefor.
Liability insurance or financial guarantee for transportation of nuclear material shall not be ceased or terminated during the course of transportation.
Article 27
Should the amount received from the liability insurance or financial guarantee not suffice to cover the finalized nuclear damage compensation liability, the nation shall loan the balance to the nuclear installation operator to cover its complete liability; but only to the maximum amount prescribed in Article 24.
The nuclear installation operator shall indemnify the nation for the loan under the preceding paragraph.