Within three months after the head office of a foreign insurance enterprise obtains recognition from the ROC authorities and registers the incorporation of its branch, it shall pay a registration fee and license fee and furnish the following documents in duplicate in applying to the competent authority for issuance of a business license:1. Business license application form (format as in Attachment 3).2. Photocopy of the branch's certificate of incorporation.3. Capital verification certificate.4. Documentary proof that the bond required under Article 7 has been furnished.5. Certified copy of the document granting power of attorney to the responsible person's representative.6. A list of managerial officers, actuaries, underwriters, claims adjusters, and other key personnel, and documentary proof of their qualifications.7. Branch operating rules and operating procedures.8. Other documents as required by the competent authority.If the application documents in the preceding paragraph are in a foreign language, a Chinese translation shall be attached for each.Where there is legitimate reason, an application for extension of a deadline specified in paragraph 1 may be filed prior to the deadline; an extension may not be longer than three months, and shall be limited to one time. Where an extension has not been approved, the competent authority may revoke its establishment permit.The operating rules of paragraph 1, subparagraph 7 shall cover the following matters:1. Organizational structure and department functions.2. Staffing, management, and training of personnel.3. Internal control system.4. Business principles and policies.5. Operations manual and segregation of powers and duties.6. Other matters.Attachment 3 Application by Foreign Insurer for Business License.pdf