Act governing of Group lnsurance of Students at Schools at Senior Secondary Level or Below and Young Children at Educare Service lnstitutions Article 20

In order to provide a sound financial system for the group insurance, the central competent authority shall set up an exclusive account for the Insurance.If there is any cash surplus, the insurer shall deposit it into the exclusive account to deposit and use within two months from the date that the group insurance policy terminates; when the insurer does not have adequate funds, any shortfall shall be made up using that exclusive account. When there is not enough money in the exclusive account to make up a shortfall, the shortfall shall be made up using a central competent authority budget allocation, and the insurer will not bear responsibility for any earnings or losses.The central competent authority may commission a subordinate agency to handle the exclusive insurance account referred to in Paragraph 1.