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Laws and Regulations Database of the Central Bank of the Republic of China-Clause View

(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”).

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