Regulations Governing Postal Simple Life Insurance Operations Article 37

While on duty, should the valuation actuary find that the operation of the postal simple life insurance business is likely to cause or has already had a big negative impact on the company’s financial situation, the valuation actuary shall report to the president in writing immediately and make recommendations on measures to improve the situation within a certain time. If the situation is not improved within certain time, the valuation actuary shall report to the board of directors in writing. If the situation is serious, the valuation actuary shall report to the MOTC and the FSC immediately.After completing the Appointed Actuary’s report, the Appointed Actuary shall submit the report, together with the relevant proposals to the board of directors of Chunghwa Post. If necessary, the board of directors or the FSC may request the Appointed Actuary give an oral explanation of the contents of such submission.After completing the peer review report, the reviewing actuary shall submit the copy of the report to Chunghwa Post and its Appointed Actuary for reference. Then, the Appointed Actuary shall submit the result of the review assessment to the board of directors of Chunghwa Post. If necessary, the board of directors or the FSC may request the reviewing actuary give an oral explanation of the contents of such submission, and the Appointed Actuary shall attend.Chunghwa Post shall, within fifteen days after each of the board meetings referred in the preceding three paragraphs, submit the respective meeting minutes to the FSC for recordation.