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BNP Paribas Cardif TCB Life Insurance found to have violated Insurance Act regulations when handling insurance business. The company was fined NT$1.8 million and given three reprimands under Paragraph 5, Article 171-1 and Paragraph 1 of Article 149 of the Insu

When conducting insurance business, BNP Paribas Cardif TCB Life Insurance Co., Ltd was found to not have implemented telephone interviews and to have not calculated the compensation amount according to policy terms in violation of Subparagraph 4, Paragraph 1 of Article 6, Item 2, Subparagraph 3 of Article 8 and Article 17 of the Regulations Governing Business Solicitation, Policy Underwriting and Claim Adjusting of Insurance Enterprises authorized by Paragraph 2, Article 148-3 of the Insurance Act. The company was fined NT$1.8 million. It was also given three reprimands under Paragraph 1, Article 149 of the Insurance Act.
Visitor: 8363   Update: 2018-06-19
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