Hontai Life Insurance Co., Ltd. was deemed to have violated Paragraph 1 of Article 146-2 of the Insurance Act when investing in real estate in New Taipei City. The FSC issued a fine of NT$1 million on the company in accordance with Subparagraph 3 of Paragraph 5 of Article 168 of the same act, and issued a reprimand and ordered the company to sell the real estate involved in the case within one year from receipt of the fine notification in accordance with Paragraph 1 of Article 149 of the same act. And in accordance with Subparagraph 1 of Paragraph 1 of Article 149 of the same act, Hontai Life was also prohibited from increasing its real estate investment (except for construction projects that are underway and that have already received a building permission) from receipt of the fine notification until the real estate investment situation of the company has been improved by the FSC.