Amendment of Article 167-2 and 167-3 of the Insurance Act
2016-06-08
Amendment of the Insurance Act passed the third reading by the Legislative Yuan on May 24, 2016 and was promulgated by the President on June 8, 2016. The amended articles reduces the minimum fines for violation of regulations governing insurance agents, brokers and surveyors and failure to implement internal auditing and internal control. The amendments also added the requirement that the competent authority may order insurance brokers and agents to carry out rectification within the imposed time limit when in violation of the internal control.
Visitor：
765
Update：
2017-01-15