Regulations Governing the Implementation of Internal Control and Audit System and Business Solicitation System of Insurance Agent Companies and Insurance Broker Companies Article 31

For an insurance agent company or insurance broker company that has met criteria for annual operating revenue in Paragraph 1, Article 2 and has established internal control and audit system and business solicitation system and procedures, if its operating revenue has not reached the amount set out in Paragraph 1, Article 2 herein for three consecutive years, it may be exempt from these Regulations with the approval of the competent authority.