Regulations for the Implementation of Annuity Insurance under the Labor Pension Act Article 55

For the expenses incurred by insurers from operating the Insurance business or from changing insurers by workers, the insurers may specify in the policy that an administrative fee shall be charged and directly deducted from the returns. However, after deduction of the administrative fee, the rate of return of the annuity insurance shall still not be less than the interest rate of a 2-year-term time deposit of the local banks.The insurers assuming the transferred policies shall not charge any fees incurred from the policies transfer.The cap of the administrative fee incurred from policy transfer shall be set by the insurance authority.