Regulations for Permission and Supervision of Private Employment Services Institution Article 14

The for-profit private employment services institution engaged in helping recruit foreign persons to work in the Republic of China, or helping in accordance with regulations residents in Hong Kong or Macao or persons from the Mainland China to work in Taiwan area or domestic persons to work outside Taiwan area shall in accordance with Subparagraph 5 of Paragraph 1 of Article 13 submit a bank-issued guaranty letter of security of three million New Taiwan dollars as a guaranty for civil liability.The for-profit private employment services institution prescribed in previous Paragraph has not been claimed as being liable for any guaranty during the period of license validity and been ranked as grade A in the most recent evaluation, the amount of one million New Taiwan dollars can be deducted form its security each time when a new license is changed and issued; but the amount of security shall not be less than one million New Taiwan dollars after deduction each time.The for-profit private employment services institution prescribed in Paragraph 1 and Paragraph 2 has been claimed as being liable for any guaranty, and after the security being paid for the guaranty liability if the remaining sum of security is deficient from the legal amount of security, the institution shall make up the deficit within one month since the date of deficiency; the amount of security will be resumed to three million New Taiwan dollars at the date of new license being changed and issued. The central competent authority will abolish the establishment permission of the institution provided that the deficit is not made up.The guaranty liability of bank-issued guaranty letter of security submitted by the for-profit private employment services institution will be annulled after one year since the date that the institution comes to an end of its business and turn its license, or revoke its license, or its establishment permission has being abolished.