Regulations for Establishment and Administration of Foreign Insurance Enterprises Article 2

The issuance of establishment permits to and regulation of foreign insurance enterprises operating within the territory of the Republic of China (ROC) are governed by these Regulations. Matters not provided for herein shall be governed by the Insurance Act and any directive issued upon authorization granted under the Insurance Act.Exercise of the powers accorded under the Insurance Act, or under any directive issued upon authorization granted under the Insurance Act, to a board of directors or shareholders meeting of a foreign insurance enterprise, may be carried out, to the extent that the company in the home country has given lawful authorization, by the enterprise's "responsible person in the ROC" ("Responsible Person").