Regulations Governing A Same Person or Same Concerned Party Holding the Issued Shares with Voting Rights over a Particular Ratio of an Insurance Enterprise Article 7

Law:: Regulations Governing A Same Person or Same Concerned Party Holding the Issued Shares with Voting Rights over a Particular Ratio of an Insurance Enterprise
Chinese:: 同一人或同一關係人持有同一保險公司已發行有表決權股份總數超過一定比率管理辦法第7條

The same person or the same related party intending to singly, jointly or collectively acquire more than 50 percent of the total outstanding voting shares of an insurance company shall comply with the following requirements in addition to the requirements specified in Article 3 and Article 5 herein:1. Ensuring the interests of policyholders and employees.2. Having the professional capability to operate an insurance company. 3. A commitment to long-term operation of the insurance company.4. Having sufficient financial capability to meet the capital injection needs of the insurance company in the next ten years.

中文原文同一人或同一關係人持有同一保險公司已發行有表決權股份總數超過一定比率管理辦法第7條

同一人或同一關係人擬單獨、共同或合計持有同一保險公司已發行有表決權股份總數超過百分之五十者，除應符合第三條、第五條所定條件外，並應符合下列條件：
一、確保保戶及員工權益。
二、具備專業能力經營保險公司。
三、長期經營承諾。
四、財務能力足以因應未來十年增資需求。

English translation for reference only; the Chinese text prevails. Not legal advice.