Regulations Governing Insurance Agents Article 24
This English translation was last updated on 2024-07-22, but the Chinese text was amended on 2026-09-30. Later amendments may not be reflected in the translation — please refer to the Chinese text.
The practice license of independent agents and agents employed by an agent company and a bank is valid for a period of five years. An agent may not practice business unless he or she has completed the procedures for license renewal before the current practice license expires.Upon applying for renewal of practice license, an agent shall pay the fees set by the competent authority and submit the following documents:1. The original practice license.2. Certification of on-the-job training recognized by the competent authority.3. Proof of deposit of bond and a duplicate of an insurance policy showing the purchase of professional liability insurance.4. The consolidated income tax returns of the agent (listing sources of income) for the past three years, tax withholding statements accompanied by an affidavit, or other documents proving that he or she has actually practiced the business.5. A written statement by applicant undertaking that who is free of the situations set out of the paragraph 3 , Article 6 and subparagraph 27, Article 49 herein.6. Certification showing membership in the agents association in accordance with Article 45.7. Other documents as required by the competent authority.