Mercuries Life Insurance Co., Ltd. was fined
2019-05-27
When handling securities investment business, Mercuries Life Insurance Co., Ltd. was found to have deficiencies including the division of authority of investment department clearly not conforming to the principle of internal check, which was in violation of the Insurance Act. The FSC imposed a fine of NT$1.8 million on the company in accordance with Paragraph 4 of Article 171-1 of the Insurance Act at the time of action and also issued 4 reprimands in accordance with Paragraph 1 of Article 149 of the same act.
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Update:
2019-07-18