Regulations Governing Insurance Surveyors Article 17

A surveyor company having any of the following situations shall submit an application together with its board of directors’ or shareholders’ meeting minutes to the competent authority for approval and register with competent authority in charge of company registration to law:1. Suspending.2. Resuming business.3. Dissolved.An independent surveyor who ceases business shall, within fifteen days after the fact, file a report with the competent authority and surrender his or her practice license. A surveyor company may suspend its business up to one year, and where there is legitimate reason, may apply for an extension of business suspension period once. The application for extension shall be made fifteen days before the allowed suspension period expires. Where a surveyor company fails to apply for business resumption and employ a surveyor to serve as a signatory in accordance with Article 7 before the allowed suspension period expires, the competent authority will revoke its registration and cancel its practice license.Where a surveyor company applies for business suspension, it shall surrender the practice licenses of surveyors employed by the company. Where a surveyor company applies for dissolution, it shall surrender the practice licenses of surveyors employed by the company as well as the company’s practice license. Where a surveyor company has a situation set out in subparagraph 1 or 3 of paragraph 1 hereof but fails to surrender the practice licenses of surveyors employed by the company, the employed surveyors shall, within thirty days from business suspension or dissolution of the surveyor company, submit relevant documents for cancellation of registration through the surveyors association.The directions for the operation mentioned in the preceding paragraph shall be drawn up by the surveyors association.