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Applications Process

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Application for Insurance Business Licence

 

Name of the Application form:Application for Insurance Business Licence
Responsible agency:Section 3, Insurance Bureau, Financial Supervisory Commission, Executive Yuan
Application forms available for downloading:
  1. Application Form for Business Licence;
  2. Rosters of directors, executive directors and supervisors; roster of managers, actuaries, underwriters, adjusters, auditor general and chief compliance controller;
  3. Initiators’ statement that no such circumstances as are set forth in Paragraph 1 of Article 3 of the Regulations Governing Qualification Requirements for Responsible Persons of Insurance Companies exist; and
  4. Explanation of Source of Funds.
Sample form: None
Legal basis: Regulations Governing Establishment and Business Operations of Insurance Companies
Application process: Application Flow Chart
Documents required to be attached:
  1. Application Form for Business Licence (Application Form 1);
  2. Company registration certificate;
  3. Capital verification certificate;
  4. Certificate proving that such deposit as is provided in Article 141 of the Insurance Act has been paid;
  5. Articles of Incorporation;
  6. Initiators’ meeting minutes or foundation meeting minutes;
  7. Roster of shareholders;
  8. Roster of directors (Application Form 2) and meeting minutes of the board of directors;
  9. Roster of executive directors (Application Form 2) and meeting minutes of the board of executive directors;
  10. Roster of supervisors (Application Form 2) and supervisors’ reports or meeting minutes;
  11. Rosters of managers, actuaries, underwriters, adjusters, auditor general, and chief compliance controller (Application Form 2);
  12. Articles of Incorporation and operation procedures;
  13. Initiators’ statement that no such circumstances as are set forth in Paragraph 1 of Article 3 of the Regulations Governing Qualification Requirements for Responsible Persons of Insurance Companies exist;
  14. If a shareholder has subscribed for more than 15% of the shares issued, the form for Explanation of Source of Funds (Application Form 4); and
  15. Other documents required by the competent authorities. 
Related Q&A: None
Contact person: Telephone: 02-8968-0899
Latest updated date: January 9, 2008
Visitor: 5443   Update: 2011-06-23
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