Regulations Governing Enrollment in Postal Simple Life Insurance Policies Article 55

For ceded personal insurance with a reinsurance coverage period exceeding one year, FSC may designate and set aside a specific reserve for long-term ceded reinsurance based on the ceded reinsurance coverage.The specific reserve for long-term ceded reinsurance referred to in the preceding paragraph shall be set aside as a special surplus reserve under the equity in accordance with the regulations of IAS 12 after income tax is deducted, which shall not be distributed or used for any other purposes without the approval of FSC, and shall be disclosed in the notes to the financial statements.