Sanction Decision on Nan Shan General Insurance
2019-09-17
Nan Shan General Insurance is found during the general examination that its board of directors passed the resolution to assume a system construction contract from its parent company and signed the transfer of rights agreement on the same day, which constitutes a violation of insurance regulations. The FSC hence imposes a fine of NT$6,000,000 on the company. For further information please refer to the website of the Insurance Bureau in Chinese version.
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Update:
2020-10-27