Regulations Governing Postal Simple Life Insurance Operations Article 50

Should there be any change of status for an insurance agent, Chunghwa Post shall take the following actions towards the agent’s registration within 5 days:1. Add an entry of changes should there be any changes on the items registered.2. Add an entry of suspension if the agent is ordered to stop soliciting as punishment.3. The solicitor’ s registration revoked in accordance with Article 49 hereof add an entry of annulment should the agent die, lose legal capacity, terminate his/her contract with Chunghwa Post or for other reasons stop soliciting for Chunghwa Post.4. Add an entry of revocation should the agent’s registration be revoked in accordance with Articles 51 or 56 hereof.Under any of the situations set forth in Subparagraphs 2 to 4 of the preceding paragraph, the agent or his/her heir shall hand in the registration certificate for cancellation.The change of status of an agent as mentioned in subparagraph 3 of the first paragraph shall be the date on which the solicitor has completed the change formalities.Before any change in an agent’s registration is completed, the agent’s actions soliciting insurance will still be deemed as acts of the company.