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INSURANCE LAW AMENDED



On 22 January 2003, the Legislative Yuan passed amendments to Articles 131 and 146-4 of the Insurance Law. The main points are as fol-lows:

  • A second paragraph is added to Article 131 to explicitly provide that accidental injury as re-ferred to in Paragraph 1 means injury caused by a sudden external event, and not by disease.


  • Article 146-4 Paragraph 3 is amended to raise the limit on the proportion of an insurance company's funds that may be invested over-seas from 20% to 35%.

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