Regulations Governing Deposit of Bond and Acquirement of Insurance by Insurance Agents, Insurance Brokers and Insurance Surveyors Article 5

Agents, brokers and surveyors shall acquire professional liability insurance under a combined single limit coverage plan and the coverage period may not be interrupted.With regard to the professional liability insurance mentioned in the preceding paragraph, for agents, brokers and surveyors practicing independently, the amount of coverage shall not be less than NT$1 million; for agent, broker or surveyor companies, the amount of coverage shall not be less than NT$2 million.Agents, brokers and surveyors having any of the following situations shall acquire twice the amount of coverage specified in the preceding paragraph for their professional liability insurance:1. The broker operates concurrently insurance broker and reinsurance broker businesses.2. The agent or broker applies for business license for both insurance of the personal and Non-life insurance concurrently.3. The surveyor applies for business license for both general surveyor and marine surveyor concurrently.An agent, broker or surveyor with previous year’s operating revenue reaching an amount as provided in the subparagraphs below shall acquire professional liability insurance in accordance with the following subparagraphs, whereas the preceding two paragraphs do not apply:1. With operating revenue of more than NT$100 million but less than NT$500 million, the amount of coverage shall not be less than NT$10 million.2. With operating revenue of more than NT$500 million, the amount of coverage shall not be less than NT$20 million.The deductible of the professional liability insurance policy acquired by an agent, broker or surveyor shall not exceed ten percent (10%) of the amount of coverage.
中文原文 保險代理人保險經紀人保險公證人繳存保證金及投保相關保險辦法第5條
代理人、經紀人及公證人應投保專業責任保險,保險金額採單一總限額制,保險期間不得中斷。
前項專業責任保險,以個人型態執行代理人、經紀人或公證人業務者,保險金額不得低於新臺幣一百萬元;以公司型態經營代理人、經紀人或公證人業務者,保險金額不得低於新臺幣二百萬元。
代理人、經紀人及公證人有下列情形之一者,應依前項規定金額之二倍投保專業責任保險:
一、同時經營保險經紀人業務及再保險經紀業務。
二、代理人或經紀人同時申領人身及財產保險執業證照。
三、公證人同時申領一般保險公證人及海事保險公證人執業證照。
代理人、經紀人及公證人前一年度營業收入達下列各款金額者,應依各該款規定投保專業責任保險,不適用前二項規定:
一、新臺幣一億元以上未達五億元者,保險金額不得低於新臺幣一千萬元。
二、新臺幣五億元以上者,保險金額不得低於新臺幣二千萬元。
代理人、經紀人及公證人所投保專業責任保險,其自負額不得超過保險金額之百分之十。

English translation for reference only; the Chinese text prevails. Not legal advice.