Regulations for Establishment and Administration of Foreign Insurance Enterprises Article 9-1
A foreign insurance institution applying for permission to establish a digital insurance branch within the territory of the ROC to conduct insurance business shall submit each of the following documents in duplicate to the competent authority for review. The provisions of Paragraphs 2 to 4 of the preceding Article shall apply mutatis mutandis:1. Supporting documents evidencing compliance with the qualification requirements set forth in Subparagraph 1, Article 6-1.2. The documents listed under Subparagraph 1 through 8, Subparagraph 10, Subparagraph 11, Subparagraph 13, and Subparagraph 14 of Paragraph 1 of the preceding Article (the application form format is provided in Attachment 2); among them, the business plan shall include the matters required to be specified under Article 29-6 of the Regulations for Establishment and Administration of Insurance Enterprises.3. The company’s balance sheets and income statements for the last five fiscal years, audited and certified by a certified public accountant recognized in the applicant’s home country. Where the application is filed on a date six months after the beginning of the current fiscal year, the balance sheet and the income statement for the first half of current year must also be submitted.4. A document issued by the competent authority in the applicant’s home country certifying that no penalty has been recorded against the applicant for material regulatory violation in the last five years.Attachment 2 Application by Foreign Insurer for Establishment Permit(for Digital Insurance Company).pdf