No Support JavaScript

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

Print Time:2024/12/10 16:26
:::

Chapter Law Content

Title: Regulations Governing Insurance Agents CH
Category: Financial Supervisory Commission(金融監督管理委員會)
Chapter 1 General Provisions
Article 1
These Regulations are adopted pursuant to paragraph 4 of Article 163 of the Insurance Act.
Article 2
The term "independent agent" as used in these Regulations means a person who practices insurance agency business in his or her own name.
The term "agent company" as used in these Regulations means a company operating insurance agency business in the capacity of a corporate organization.
The term “bank” as used in these Regulations means a bank operating concurrently insurance agent business with approval of the competent authority.
Article 2-1
Companies or banks that operate insurance agency business shall employ an agent and may assign the agent to perform insurance agency business, check, compliance, audit or other relevant operations.
Article 3
An agent who has not obtained a practice license in accordance with these Regulations may not operate or practice.
Article 4
Agents are classified into non-life insurance agents and personal insurance agents.
An agent who operates or practices business on behalf of more than one insurance enterprise shall forthwith inform those insurance enterprises.
Web site:Laws & Regulations Database of The Republic of China (Taiwan)