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Mercuries Life Insurance Co., Ltd. was fined

When handling claims for lifetime surgical and health insurance, Mercuries Life Insurance Co., Ltd. did not carry out proper review in violation of Item 2 of Subparagraph 3 of Article 8 and Article 17 of the “Regulations Governing Business Solicitation, Policy Underwriting and Claim Adjusting of Insurance Enterprises”. The FSC thus imposed a fine of NT$1.2 million on the insurer in accordance with Paragraph 5 of Article 171-1 of the Insurance Act.
Visitor: 7433   Update: 2019-06-18
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