Regulations Governing the Implementation of Internal Control and Audit System and Business Solicitation System of Insurance Agent Companies and Insurance Broker Companies Article 6

The internal control system of insurance agent companies, insurance broker companies or banks shall cover business solicitation system and procedures as well as internal control procedures established in line with the nature and size of business and based on the principle of internal checks and balances, and shall be reviewed and revised in a timely manner.Where an insurance agent company, insurance broker company or bank has an audit committee established, its internal control system shall also include the management of the audit committee meeting procedures.