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Fubon Life Insurance Co., Ltd. was fined

When carrying out the financial inspection of ordinary businesses in 2018, the FSC found that Fubon Life Insurance had violated the provisions of the Insurance Act with regard to increasing the number of salespersons, housing mortgage credit investigation, evaluation of insurance broker channels, policy change by juristic persons and insurance application operations. The FSC thus imposed a fine of NT$4.8 million and issued 8 reprimands on the company in accordance with Paragraph 1 of Article 149 and Paragraphs 4 and 5 of Article 171-1 of the Insurance Act.

Visitor: 5731   Update: 2020-10-27
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