Regulations Governing Investment of Investment-linked Insurance Article 6

The insurer shall manage the assets in the seperate account for the interests of the insuranceapplicant or beneficiary.The insurer shall send the assets in the seperate account to the custodian institution for custody andreport the selected custodian institution to competent authorities. Any change of the selectedcustodian institution shall be reported to competent authority within 15 working days after the change.The contents of the custody contract shall be provided when the insurance contract defined in chapter2 is signed by the insurer and insurance applicant, and, according to the custody contract, the assetsin the seperate account as mentioned in paragraph 1 shall be sent to the custodian institution forcustody. Also, the insurer shall report the selected custodian institution to competent authorities, andany change of the selected custodian institution shall also be reported to competent authority within15 working days after the change.The custodian institution as referred to in the preceding two paragraphs is a financial institutionreaching a certain level of grade as rated by the credit rating agency recognized by competentauthorities.The regulations in paragraph 2 and 4 are applicable to the insurer who follow subparagraph 2 ofparagraph 1 of the preceding article to commission a trust enterprise approved by competentauthority for concurrently engaging in discretionary investment services to utilize and manage theassets in the seperate account, in which the assets are under the custody of the trust enterprise.