Laws and Regulations Database of the Central Bank of the Republic of China(Taiwan)

An insurance enterprise applying to engage in the categories of foreign exchange business listed in Article 3 above shall submit the following documents:

1.Photocopies of the business license issued by the Financial Supervisory Commission (hereinafter referred to as the "FSC");

2.For domestic insurance enterprises, a resolution of the insurance company’s board of directors resolving to apply for the afore-mentioned foreign exchange business; for foreign insurance enterprises, a letter of authorization from the head office or regional command center;

3.Documents evidencing the FSC’s approval for engaging in specific categories of business, such as insurance, loan, or wealth management;

4.Statement of regulatory compliance signed by the responsible person of the insurance enterprise;

5.Business plan ( the content of which shall include business profiles, operational procedures, internal control system, internal audit system and accounting principles);

6.Notification of material facts (including risk disclosure statement); and

7.Other documents specified by the Bank.

When an insurance enterprise engaging exclusively in reinsurance business applies to engage in the business listed in Subparagraph 3 of Article 3, documents specified in Subparagraphs 3 and 6 of the preceding paragraph are not required.