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Sanction Decision on Tokio Marine Newa Insurance

Tokio Marine Newa Insurance is found to be non-complying in handling the renewal of borrower’s residential fire and earthquake insurance through its banking channel equity product investment business and its archiving operation concerning interested party transactions. The FSC hereby imposes a fine of NT$600,000 on the company and issues 2 official reprimands in accordance with Paragraph 5, Article 171-1 and Paragraph 1, Article 149 of the Insurance Act. For further information please refer to the website of the Insurance Bureau in Chinese version.
Visitor: 3505   Update: 2020-01-20