Regulations for the Implementation of Annuity Insurance under the Labor Pension Act Article 63

When insurers operate the Insurance business, if any of the following events occurs, the competent authority shall notify them to make improvement. If necessary, it may send a letter to the insurance authority requesting it to handle according to law:1. Where the insurance authority determines that the insurers' ratio of total adjusted net capital to risk-based capital violates Paragraph1 of Article 143-4 of the Insurance Act, and the insurers fail to make up the shortfall, rectify or come up with remedial measures within the time limit specified by the insurance authority;2. Where the insurers have materially violated insurance laws and regulations so that their director(s), general manager(s) or manager(s) responsible for such business is (are) subject to replacement or removal by the insurance authority;3. Where the insurers' most recent credit rating has been lower than the rating provided in subparagraph 3, Paragraph 1 of Article 49 of these Regulations for two consecutive times;4. Where the insurers' advertisements or promotional materials are exaggerating and untrue;5. Where the insurers have interfered with competent authority's audit or their reports on business are not true; or6. Where the insurers have violated other provisions prescribed in the Act.