Unless otherwise provided in these Regulations or provided by the Bank,
where insurance policies using foreign currency for receipt and payment,
the relevant funds may not be received and paid in New Taiwan dollars, and
the relevant settlement matters shall be handled by the proposer or the
beneficiary of the insurance policy with banking enterprises in accordance
with the“Regulations Governing the Declaration of Foreign Exchange Receipts
and Disbursements or Transactions” (referred to as the“Declaration
Regulations” hereunder).
When investment-linked annuity insurance is converted into the spot annuity
insurance with general account after the expiration of the annuity accumulation
period, it may pay the annuity in New Taiwan dollars, and the insurance
enterprise shall settle the payment in accordance with the Declaration
Regulations.
Non-life insurance policies using foreign currency for receipt and payment may
receive and pay funds in New Taiwan dollars in accordance with the following
provisions:
1.The proposer has provided relevant documents evidencing that the subject
matter insured involves import or export of goods or providing cross-border
services and the insurance enterprise has agreed with the proposer to collect
premiums in an equivalent amount of New Taiwan dollars.
2.The beneficiary has provided documents for claims showing amount in New Taiwan
dollars; if the payment involves foreign exchange settlement, the non-life
insurance enterprise shall handle settlement matters with banking enterprises
in accordance with the Declaration Regulations.
The proposer or beneficiary mentioned in the preceding paragraph shall be a
company, firm, association or individual as defined in Article 3 of the
Declaration Regulations.
When an insurance enterprise engages in the business listed in Subparagraph 2
or 3 of Article 3, the foreign currency used for receipt and payment may be s
pecified in the insurance contract; if conversion between foreign currencies
is involved, the insurance enterprise shall carry out the transaction with
banking enterprises.
