Sanction Decision on Fubon Insurance
2019-09-27
Fubon Insurance is found deficient in its risk control operation where one of its foreign equity investment experiences a major credit risk event but the company’s report did not describe in details possible risks associated with the event. Hence the FSC imposes a fine of NT$600,000 on the company in accordance with Paragraph 4, Article 171-1 of the Insurance Act. For further information please refer to the website of the Insurance Bureau in Chinese version.
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Update:
2020-10-27