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Laws & Regulations Database of The Republic of China (Taiwan)

Print Time:2024/11/24 00:20
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Chapter Law Content

Chapter Eight Group Individual Life Insurance
Article 25
When the number of employees or members and their families of any institution, school, factory, company, store or other government registered organization (which are not established for the purpose of purchasing insurance) reach a certain number, they may purchase group individual life insurance.
The minimum number as mentioned in the preceding paragraph shall be set by Chunghwa Post.
Article 26
Group individual life insurance as mentioned in the preceding article shall enjoy a premium discount; the discount amount and methods shall be separately negotiated by the insurer and the applicant.
The insurer shall submit a report of the aforementioned situation to the FSC for approval and notify the Ministry of Transportation and Communications in writing.
Article 27
When applying for a group individual life insurance, the group applying shall elect a representative to fill out the group individual life insurance application and submit it to Chunghwa Post along with the application and first premium of each insured.
After receiving the premiums as mentioned in the preceding paragraph and agreeing to insure it, Chunghwa Post shall issue a receipt.
Article 28
In the case of any new applicant for group individual life insurance, a “Notification of Individual Joining Group Insurance” shall be filled out and submitted to the branch handling the insurance along with the application of the new member.
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