| Article 22-13 |
An offshore insurance branch may only conduct the following types of business:<br/>1.The following types of foreign currency denominated insurance businesses:<br/>(1)Insurance of the person businesses where the proposer is a natural person, a juristic person, a government agency, or a financial institution outside the territory of the ROC and the insured is a natural person outside the territory of the ROC.<br/>(2)Non-life insurance businesses where the proposer is a natural person, a juristic person, a government agency, or a financial institution outside the territory of the ROC and the subject matter insured is not a real property situated within the territory of the ROC.<br/>2.Foreign currency denominated reinsurance businesses with insurance enterprises outside the territory of the ROC.<br/>3.Other foreign currency denominated insurance-related businesses serving natural persons, juristic persons, government agencies, or financial institutions outside the territory of the ROC and approved by the competent authorities.<br/>When an offshore insurance branch conducts the businesses mentioned in the preceding paragraph, it may not conduct concurrently non-life insurance and of the person businesses, except where its head office is a non-life insurance enterprise that has been approved by the FSC to engage in personal injury insurance and health insurance. |
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