Regulations Governing Investment of Investment-linked Insurance Article 19
The insurer shall meet the following qualifications in selling the investment-linked insurance withdiscretionary investment services:1. The ratio of proprietary capital to risk capital in the recent year shall comply with the adequacy ratioregulated in paragraph 1 of article 143-4 of the Act.2. Having not been subject to major sanction and disciplinary action by the competent authority in therecent year, or if it has, concrete improvement actions have been taken to remedy the violation andrecognized by the competent authority.3. Value at Risk has been applied to the risk assessment for their foreign investment, and the riskassessment shall be conducted at least once a week.4. A risk control committee in the board of directors, or a risk control division with a risk chief or anexecutive in the equivalent rank shall be placed in a company to take full charge of overall riskcontrol.5. Ranked in the top eighty percent in the past year in terms of the results of the Treating CustomerFairly Principle evaluation of life insurance companies.The preceding provision does not apply to alife insurance company that could provide reasonable explanation (for not ranking in the top eightypercent) and such explanation is approved by the competent authority.The major sanction and disciplinary action as prescribed in Subparagraph 2 of the precedingParagraph refer to Article 2 of the Regulations Governing Public Disclosure by the FinancialSupervisory Commission of Material Enforcement Actions for Violations of Financial Legislation.The value at risk (VaR) as referred to in subparagraph 3, Paragraph 1 shall be calculated on weeklybasis with at least three years of sampling period, or on daily basis with at least one year of samplingperiod. The sample data shall be updated at least once a week and the 10-trading-day VaR shall becalculated with 99% confidence level at least. In addition, monthly back-test shall be conducted.Prior to applying for concurrently engaging in the discretionary investment business in accordancewith Securities Investment Trust and Consulting Act, the insurer shall meet the qualification listed inparagraph 1 and approved by the competent authority.
中文原文 投資型保險投資管理辦法第19條
保險人銷售由其全權決定運用標的之投資型保險，應符合下列資格條件：
一、最近一年之自有資本與風險資本之比率符合本法第一百四十三條之四第一項之適足比率。
二、最近一年內未有遭主管機關重大裁罰及處分者，或受處分情事已獲具體改善經主管機關認可者。
三、國外投資部分已採用計算風險值評估風險，並每週至少控管乙次。
四、董事會中設有風險控管委員會或於公司內部設置風險控管部門及風控長或職務相當之人，並實際負責公司整體風險控管。
五、最近一年公平待客原則評核結果為人身保險業前百分之八十。
但提出合理說明並經主管機關核准者，不在此限。
前項第二款所稱重大裁罰及處分，指金融監督管理委員會處理違反金融法令重大裁罰措施之對外公布說明辦法第二條所定各款之情事。
第一項第三款所稱之風險值，係指按週為基礎、樣本期間至少三年，或按日為基礎、樣本期間至少一年，樣本之資料至少每週更新一次，以至少百分之九十九的信賴水準，計算十個交易日之風險值，且須每月進行回溯測試。
保險人依證券投資信託及顧問法申請兼營全權委託投資業務前，應先經主管機關認可其符合第一項所定資格。
一、最近一年之自有資本與風險資本之比率符合本法第一百四十三條之四第一項之適足比率。
二、最近一年內未有遭主管機關重大裁罰及處分者，或受處分情事已獲具體改善經主管機關認可者。
三、國外投資部分已採用計算風險值評估風險，並每週至少控管乙次。
四、董事會中設有風險控管委員會或於公司內部設置風險控管部門及風控長或職務相當之人，並實際負責公司整體風險控管。
五、最近一年公平待客原則評核結果為人身保險業前百分之八十。
但提出合理說明並經主管機關核准者，不在此限。
前項第二款所稱重大裁罰及處分，指金融監督管理委員會處理違反金融法令重大裁罰措施之對外公布說明辦法第二條所定各款之情事。
第一項第三款所稱之風險值，係指按週為基礎、樣本期間至少三年，或按日為基礎、樣本期間至少一年，樣本之資料至少每週更新一次，以至少百分之九十九的信賴水準，計算十個交易日之風險值，且須每月進行回溯測試。
保險人依證券投資信託及顧問法申請兼營全權委託投資業務前，應先經主管機關認可其符合第一項所定資格。