Act governing of Group lnsurance of Students at Schools at Senior Secondary Level or Below and Young Children at Educare Service lnstitutions Article 6

The insurer shall handle the group insurance in accordance with the provisions of this Act and the content of the procurement contract or administrative contract.If the group insurance is being arranged through a government procurement in accordance with the provisions of the preceding article, the procurement contract cost refers to the administrative expenses required to undertake the administrative operations related to the group insurance（hereunder referred to as the “administrative expenses”）. The same applies if an administrative contract is being concluded for this purpose.All the account books, receipts, and business income and expenditure of the group insurance are exempt from business tax and stamp duty.Other regulations governing the qualifications and conditions to be an insurer providing the group insurance, the term and scope, ways to lodge claims, method of calculation and ownership of the interest accruing on the insurance premiums, collection of insurance premiums, notification of insurance perils and lodging insurance claims, matters for the policy holder to handle, and other related matters shall be prescribed by the central competent authority.