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Article 18-1
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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:<br/>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<br/>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.
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