Newsletter
REGULATIONS ON INSURANCE AGENTS, BROKERS AND SUR-VEYORS
The Ministry of Finance previously regulated insurance agents, brokers and surveyors by means of the Regulations Governing the Super-vision of Insurance Agents, Brokers and Sur-veyors. On 8 December 2003, the MOF replaced the above regulations with three sets of separate regulations: the Regulations Governing Insur-ance Brokers, the Regulations Governing In-surance Agents, and the Regulations Governing Insurance Surveyors.
The old regulations required insurance brokerage companies and insurance agency companies to have a minimum paid-up capital of NT$2 million. The new regulations raise this minimum to NT$3 million. Companies with paid-up capital below this amount will have three years from the date on which the new regulations were issued to in-crease its capital to NT$3 million.