Regulations Governing Enrollment in Postal Simple Life Insurance Policies Article 57

For reserves set aside in accordance with the regulations, except for special reserves, in addition to the calculation of the relevant funds for direct insurance, reinsurance ceding, and retained insurance, relevant statements shall be prepared in accordance with the accounting system or accounting treatment principles approved by FSC, and recorded in special account books.At the end of the business year, reserves for direct insurance, reinsurance ceding, and retained insurance for that year shall be reported in accordance with the requirements of FSC in terms of format and content after being audited and signed by the actuary.