Chang Hwa Bank is found to have the following deficiencies in its insurance agency business – failure to accurately describe the source of premium in the solicitor’s report when a policyholder purchased investment-linked insurance with a loan; the annual income of the customer stated in “Home Loan Application” and “Evaluation of the Needs and Suitability of Applicant and Insured and Solicitor’s Report” was inconsistent; the evaluation operation regarding customer’s “Investment Risk Profile Assessment” was inappropriate. Hence the FSC orders the company to take corrective action within one month and imposes a fine of NT$200,000 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.