Where a business entity terminates the implementation of the Insurance as a result of ceasing operation, dissolution, adjudication of bankruptcy or mutual agreement between the workers and employer, it shall notify the workers by a public notice at least 30 days prior to the date of termination of the implementation and notify the insurer and the competent authority, stating the following matters:1. Causes of termination;2. Responsible person of the business entity, trustee in bankruptcy, and liquidator;3. Plan for transfer of the annuity insurance contract; and4. Effective date for termination of implementation due to wind-up, dissolution, adjudication of bankruptcy or mutual agreement.If a business entity has in fact ceased operation, dissolved, adjudicated for bankruptcy, or not in operation, and does not employ any worker, it shall cease paying annuity insurance premium based on the date on which the fact is confirmed.