Print Time:2021/10/23 00:28
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Chapter Law Content

Title: Insurance Act CH
Category: Financial Supervisory Commission(金融監督管理委員會)
Chapter III. Non-life Insurance
Section 4-1. Bonding Insurance
Article 95-1
(Liability of a Bond Insurer)
A bonding insurer is liable to indemnify the insured for loss incurred through dishonest acts by the insured's employees or through non-performance of obligations by its obligors.
Article 95-2
(Specification of Insurance Contracts Covering Dishonest Acts by the Insured's Employees)
Bonding insurance contracts for which dishonest acts by the insured's employees constitute the insured peril shall, in addition to the particulars provided in Article 55, also contain the following particulars:
1. Insured's name and domicile.
2. Employee's name and title or other means of identifying the employee.
Article 95-3
(Specification of Insurance Contracts Covering Non-performance of Obligations by the Insured's Obligors)
Bonding insurance contracts for which non-performance of obligations by the insured's obligors constitute the insured peril shall, in addition to the particulars provided for in Article 55, also contain the following particulars:
1. Insured's name and domicile.
2. Obligor's name or other means of identifying the obligor.
Web site:Laws & Regulations Database of The Republic of China