Enforcement Rules of the Labor Insurance Act Article 40

The insured units that the insured persons are affiliated with and referred to in Subparagraphs 7, 8 of Paragraph 1 of Article 6 and Subparagraph 4 of Paragraph 1 of Article 8 of the Act may establish a dedicated account for labor insurance in the financial institutions and notify the insured persons so they could pay the insurance premium into the account.The insured units in the preceding paragraph, after receiving approvals from the insured persons or the general meeting of the members, may take three-or-six months' insurance premiums in advance, issue receipts to the insured persons, and pay to the insurer monthly. The insured units which are two months overdue in the payment of premiums, shall not take insurance premiums in advance before the overdue premiums are forwarded to the insurer.The insured units which are receiving insurance premium in advance referred to in the preceding paragraph may join the insurance programs for their chiefs or personnel in charge of the business for the purpose of guaranteeing their honesty and credibility.The premiums taken in advance in the preceding paragraph 2, shall be deposited in the dedicated account at a financial institution in the preceding paragraph 1, and the interest income in addition shall be conducted on the operations according to the Act exclusively and pursuant to the related regulations concerning financial transactions of the insured units.