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Application Procedure for an Insurer to Establish a Branch in Mainland China

 

Name of the Application form:Application Procedure for an Insurer to Establish a Branch in Mainland China
Responsible agency:Section 3, Insurance Bureau, Financial Supervisory Commission, Executive Yuan
Application forms available for downloading:Application Form for Establishment of a Branch in Mainland China by a Taiwan Insurer
Sample form:Download the sample form
Legal basis:Act Governing Relations Between Peoples of the Taiwan Area and the Mainland Area 
Regulations Governing Approval for Insurance Companies to Engage in Insurance Activities between Taiwan Region and Mainland China
Application process:Application Flow Chart
Documents required to be attached:
  1. Board minutes;
  2. Financial statements audited by certified public accountants for the past three years;
  3. Feasibility study report
  4. Business proposal;
  5. Business risk assessment, cost benefit analysis, and concrete risk control plan;
  6. Stage-by-stage analysis of possible injection of capital or subscribed capital in the future;
  7. Internal control and audit system and regulations on operation management and performance assessment;
  8. Report on the capital adequacy of the insurer;
  9. Certificates certifying compliance with the provisions of Paragraph 1 of Article 16 of the Regulations Governing Approval for Insurance Companies to Engage in Insurance Activities between Taiwan Region and Mainland China;
  10. Qualification certificates for the proposed responsible person; 
    and
  11. Other documents required by the competent authorities. 
    (note: where the insurer applies to establish a representative office in Mainland China, the documents mentioned in Paragraphs 3 to 9 herein are not required.)
Related Q&A: 
Contact person: Telephone: 02-89680899 ext. Section 3, Insurance Bureau
Latest updated date: October 29, 2008
Visitor: 5596   Update: 2011-06-23
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