Regulations Governing Investment of Investment-linked Insurance Article 5
The insurer shall follow one of the following ways in utilizing or managing the assets in the seperateaccount:1. The insurer may designate the professionals equipped with financial, securities or other investmentexperience to utilize and manage the assets in the seperate account. However, in the event that theinsure plans to discretionarily invest in the securities regulated in article 6 of Securities and ExchangeLaw, the insurer shall separately apply for concurrently engaging in discretionary investment servicesin accordance with investment business with Securities Investment Trust and Consulting Act.2. For the investment-linked insurance not having discretionary decision from the insurer on theinvestment object, the insurer may entrust the enterprise approved by competent authorities or theone concurrently engaging in discretionary investment services to utilize and manage the assets inthe seperate account. The entrusted enterprise shall be selected according to the capitalmanagement outsourcing procedure internally regulated by the insurer and other related statutoryregulations. In addition, the insurer shall report the selected enterprise to competent authorities. Also,any change of the selected enterprise shall be reported to competent authority within 15 working daysafter the change.The insurer using the assets in the seperate account to proceed with investments and transactions inaccordance with the preceding paragraph shall keep records in writing which shall be monthlyreviewed, reported and filed by law.Any of the following behaviors is not allowed when the insurer follows the regulations in the firstparagraph to utilize and manage the assets in the seperate account1. Use the assets in the seperate account for guarantee.2. Lend the assets in the seperate account to others, but it is not limited to the situation otherwiseregulated by competent authorities3. Engage in the investment items prohibited by law.
中文原文 投資型保險投資管理辦法第5條
保險人運用與管理專設帳簿資產，以下列方式之一行之：
一、保險人指派具有金融、證券或其他投資業務經驗之專業人員運用與管理專設帳簿之資產。
但涉及由保險人全權決定運用於證券交易法第六條之有價證券者，應另依證券投資信託及顧問法申請兼營全權委託投資業務。
二、非由保險人全權決定運用標的之投資型保險，保險人得委託經主管機關核准經營或兼營全權委託投資業務之事業代為運用與管理專設帳簿之資產者，該管理事業之選任，應依保險人內部所訂之委外代為資金管理處理程序及相關法令之規定辦理。
保險人應向主管機關申報其所選任之管理事業，管理事業有變更者，應於變更後十五個工作日內向主管機關申報。
保險人依前項規定運用專設帳簿之資產進行投資及交易，應作成書面紀錄，按月提出檢討報告，並應依法建檔保存。
保險人依第一項規定運用與管理專設帳簿資產時，不得有下列情事：
一、提供專設帳簿之資產做為擔保之用。
二、將專設帳簿之資產借予他人。
但主管機關另有規定者，不在此限。
三、從事法令禁止投資之項目。
一、保險人指派具有金融、證券或其他投資業務經驗之專業人員運用與管理專設帳簿之資產。
但涉及由保險人全權決定運用於證券交易法第六條之有價證券者，應另依證券投資信託及顧問法申請兼營全權委託投資業務。
二、非由保險人全權決定運用標的之投資型保險，保險人得委託經主管機關核准經營或兼營全權委託投資業務之事業代為運用與管理專設帳簿之資產者，該管理事業之選任，應依保險人內部所訂之委外代為資金管理處理程序及相關法令之規定辦理。
保險人應向主管機關申報其所選任之管理事業，管理事業有變更者，應於變更後十五個工作日內向主管機關申報。
保險人依前項規定運用專設帳簿之資產進行投資及交易，應作成書面紀錄，按月提出檢討報告，並應依法建檔保存。
保險人依第一項規定運用與管理專設帳簿資產時，不得有下列情事：
一、提供專設帳簿之資產做為擔保之用。
二、將專設帳簿之資產借予他人。
但主管機關另有規定者，不在此限。
三、從事法令禁止投資之項目。