Sanction Decision on EnTie Bank
2019-09-16
EnTie Bank is found to have the following deficiencies in its insurance agency business – there were wording regarding premium to be increased or product to be discontinued in the marketing notice; when a policyholder purchases policy with a loan, the solicitor did not describe accurately the source of premium in the solicitor’s report. The FSC orders the company to take corrective action on two items within one month and imposes a fine of NT$400,000 in accordance with Article 167-2 of the Insurance Act on September 16, 2019. For further information please refer to the website of the Insurance Bureau in Chinese version.
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Update:
2020-10-27