Title:
Regulations Governing Foreign Exchange Business of Insurance Enterprises
Inactive Regulations
(Scope of Business)
Insurance enterprises may engage in the following categories of foreign exchange business:
1.Insurance of the person using foreign currency for receipt and payment;
2.Non-life insurance business using foreign currency for receipt and payment and the subject matter insured is not a real property situated within the territory of the ROC;
3.Reinsurance business using foreign currency for receipt and payment;
4.Investment-linked annuity insurance using foreign currency for receipt and payment in which the annuity is paid in New Taiwan dollars in circumstances where it is transformed into a general account spot annuity insurance at the expiration of the accumulated period;
5.Foreign currency loans under which insurance policies referred to in the subparagraph 1, above, are pledged as loan collateral;
6.Wealth management business involving foreign exchange transactions;
7.Other foreign exchange businesses approved by the Central Bank of the Republic of China(Taiwan)(hereinafter referred to as the“Bank”).