• Font Size:
  • S
  • M
  • L
友善列印
WORD

Article NO. Content

Title:

Offshore Banking Act Enforcement Rules  CH

Amended Date: 2019.11.11 
Article 18-1 Article 18-1 An insurance enterprise under Article 22-12, paragraph 1 of the Act applying to establish an offshore insurance branch in the ROC shall meet the following requirements:
1. For domestic insurance enterprises, the ratio of equity capital to risk-based capital at the end of the most recent period is more than 250%; for foreign insurance enterprises, their head office meets the home country's requirements for debt paying ability; and
2. The insurance enterprise is in compliance with the law, soundly managed, and has not been subject to any disciplinary action for any material violation during the 3 years before application, or, it has received a disciplinary action but the circumstances resulting in the violation have been materially improved and the improvement is recognized by the FSC or the CBC.