Implementation Regulations for the Risk Spreading Mechanism of Residential Earthquake Insurance Article 5
When the TREIF assumes the risks set out in Article 3, paragraph 2, subparagraph 2, it shall do so in the following manner:1.The portion up to and including NT$98.2 billion shall be spread in domestic, and/or overseas reinsurance markets and/or capital markets and/or retained by TREIF in accordance with business needs and/or market costs. The aforementioned risk spreading mechanisms shall be reported to the competent authority for recordation. The preceding provision also applies to any subsequent changes thereto.2.The portion exceeding NT$98.2 billion and up to NT$115 billion shall be assumed by the government, and when a loss occurs the competent authorities shall prepare a funding requirement report and submit it to the Executive Yuan, which shall handle funds appropriation in accordance with the budget process.When the occurrence of a major disaster results in claim payments that exceed the amount of funds accumulated in the TREIF, in order to safeguard the interests of the insured, if necessary, the TREIF may ask the competent authorities and the Ministry of Finance to jointly request Executive Yuan’s approval for the national treasury to provide collateral to obtain the necessary source of funding.
中文原文 住宅地震保險危險分散機制實施辦法第5條
地震保險基金承擔第三條第二項第二款之限額時，應依下列方式辦理：
一、新臺幣九百八十二億元以下部分，由地震保險基金視業務需要及市場成本狀況，安排於國內、外再保險市場或資本市場分散或自留。
前述危險分散方式，應報經主管機關備查；修正時，亦同。
二、超過新臺幣九百八十二億元至新臺幣一千一百五十億元部分，由政府承擔，損失發生時由主管機關編列經費需求報請行政院循預算程序辦理。
因發生重大震災，致地震保險基金累積之金額不足支付應攤付之賠款，為保障被保險人之權益，必要時地震保險基金得請求主管機關會同財政部報請行政院核定後，由國庫提供擔保，以取得必要之資金來源。
一、新臺幣九百八十二億元以下部分，由地震保險基金視業務需要及市場成本狀況，安排於國內、外再保險市場或資本市場分散或自留。
前述危險分散方式，應報經主管機關備查；修正時，亦同。
二、超過新臺幣九百八十二億元至新臺幣一千一百五十億元部分，由政府承擔，損失發生時由主管機關編列經費需求報請行政院循預算程序辦理。
因發生重大震災，致地震保險基金累積之金額不足支付應攤付之賠款，為保障被保險人之權益，必要時地震保險基金得請求主管機關會同財政部報請行政院核定後，由國庫提供擔保，以取得必要之資金來源。