Regulations Governing Pre-sale Procedures for Insurance Products Article 21
An insurance enterprise complying with certain conditions may apply to the competent authority prior to the end of June or the end of December each year for recognition of such compliance and thereafter switch to the use-and-file procedure for launching the insurance products listed in Article 16, paragraph 1, subparagraph 2 or Article 17, paragraph 1, subparagraphs 2 and 3 herein.The "certain conditions" in the preceding paragraph that apply to insurance products listed in Article 16, paragraph 1, subparagraph 2 or Article 17, paragraph 1, subparagraph 3 are the following:1. The enterprise's ratio of equity capital to risk-based capital for the past year is at least 1.25 times the statutory standard of adequate capital as specified in Subparagraph 1, Paragraph 2, Article 143-4 of the Insurance Act.2. The enterprise has not been subject to a major sanction or penalty imposed by the competent authority, or been disciplined by the competent authority for violation of rules for submission of insurance products for review within the past year.3. The enterprise has not been subject to an administrative fine of more than NT$1 million was imposed by the competent authority within the past year for violation of the Compulsory Automobile Liability Insurance Act.4. In the case of a non-life insurer, the enterprise's combined ratio over the past year for retained business, not including compulsory automobile liability insurance, was 90 percent or lower. In the case of a life insurer, the enterprise’s 25-month persistency rate for basic insured amounts over the past year was 80 percent or higher.5. The enterprise was ranked in the top thirty percent in terms of the results of the Treating Customer Fairly Principle evaluation of non-life or life insurance companies in the past year.6. Professionally licensed signatories employed on a full-time basis accounted for 75 percent or higher of all actual signatories for insurance products submitted for review during the past year.7. The insurer has launched an insurance product during the past year designed specifically to dovetail with government policy needs, or has taken part in public service work during the past year, and in either case has performed with distinction.The "certain conditions" in paragraph 1 hereof that apply to insurance products listed in Article 17, paragraph 1, subparagraphs 2 are the following:1. Certain conditions set out in the preceding paragraph 2 hereof; and2. The enterprise’s chief risk officer and its internal risk model are rated class 1 for the levy rates of Life Insurance Guaranty Fund for the last year.Major sanctions and penalties referred to in paragraph 2, subparagraph 2 mean major sanctions and penalties specified in Article 2 of the Regulations Governing Public Announcement by the Financial Supervisory Commission of Material Sanctions for Violations of Financial Legislation.The competent authority shall define the meaning of "professionally licensed signatories" as used in subparagraph 6 of paragraph 2.The recognition referred to in paragraph 1 remains valid for a period of six months. However if an insurance enterprise falls out of compliance with subparagraph 1, 2, or 6 of paragraph 2 during the recognition period, insurance products listed in paragraph 1 herein shall still be subject to review on a prior-approval basis.For the sale of insurance products listed in paragraph 3 herein that are switched to the use-and-file procedure, an insurance enterprise shall obtain the consent of its board of directors or board of executive directors; for the branch of a foreign insurance enterprise in Taiwan, the sale of such products shall have the consent of its responsible person in Taiwan.
中文原文 保險商品銷售前程序作業準則第21條
保險業符合一定條件者，得於每年六月底或十二月底前向主管機關申請認可後，對第十六條第一項第二款或第十七條第一項第二款及第三款所列之保險商品得改為以備查方式辦理。
前項所稱一定條件者，於適用第十六條第一項第二款或第十七條第一項第三款所列之保險商品，係指：
一、最近一年自有資本與風險資本之比率達保險法第一百四十三條之四第二項第一款所定資本適足之法定標準一點二五倍以上。
二、最近一年內未有遭主管機關重大裁罰及處分措施或因違反保險商品送審規範受主管機關處分者。
三、最近一年內未因違反強制汽車責任保險法規定受主管機關處罰鍰新臺幣一百萬元以上。
四、最近一年內於財產保險業不含強制汽車責任保險之自留業務綜合率百分之九十以下；於人身保險業第二十五個月基本保額之繼續率百分之八十以上。
五、最近一年公平待客原則評核結果為財產保險業或人身保險業前百分之三十。
六、最近一年內所有送審保險商品之實際簽署人員，其僱用全職之專業資格證照簽署人員占簽署人員比率百分之七十五以上。
七、最近一年內保險業配合政府政策需要開辦保險商品，或推動社會公益工作，績效卓著。
第一項所稱一定條件者，於適用第十七條第一項第二款所列之保險商品，係指：
一、符合前項規定之一定條件者。
二、最近一年人身保險安定基金差別提撥率之風控長與內部風險模型評等達第一級。
第二項第二款所稱重大裁罰及處分措施，係指金融監督管理委員會處理違反金融法令重大裁罰措施之對外公布說明辦法第二條所稱之重大裁罰及處分措施。
第二項第六款所稱專業資格證照簽署人員，由主管機關另定之。
第一項認可有效期間為半年。
但認可期間內保險業發生不符第二項第一款、第二款或第六款條件者，第一項所列之保險商品，仍應以核准方式辦理。
保險業銷售第三項所列改採備查方式辦理之保險商品，應報經董（理）事會或常務董（理）事會通過。
但外國保險業在臺分支機構，應經其在臺負責人同意。
前項所稱一定條件者，於適用第十六條第一項第二款或第十七條第一項第三款所列之保險商品，係指：
一、最近一年自有資本與風險資本之比率達保險法第一百四十三條之四第二項第一款所定資本適足之法定標準一點二五倍以上。
二、最近一年內未有遭主管機關重大裁罰及處分措施或因違反保險商品送審規範受主管機關處分者。
三、最近一年內未因違反強制汽車責任保險法規定受主管機關處罰鍰新臺幣一百萬元以上。
四、最近一年內於財產保險業不含強制汽車責任保險之自留業務綜合率百分之九十以下；於人身保險業第二十五個月基本保額之繼續率百分之八十以上。
五、最近一年公平待客原則評核結果為財產保險業或人身保險業前百分之三十。
六、最近一年內所有送審保險商品之實際簽署人員，其僱用全職之專業資格證照簽署人員占簽署人員比率百分之七十五以上。
七、最近一年內保險業配合政府政策需要開辦保險商品，或推動社會公益工作，績效卓著。
第一項所稱一定條件者，於適用第十七條第一項第二款所列之保險商品，係指：
一、符合前項規定之一定條件者。
二、最近一年人身保險安定基金差別提撥率之風控長與內部風險模型評等達第一級。
第二項第二款所稱重大裁罰及處分措施，係指金融監督管理委員會處理違反金融法令重大裁罰措施之對外公布說明辦法第二條所稱之重大裁罰及處分措施。
第二項第六款所稱專業資格證照簽署人員，由主管機關另定之。
第一項認可有效期間為半年。
但認可期間內保險業發生不符第二項第一款、第二款或第六款條件者，第一項所列之保險商品，仍應以核准方式辦理。
保險業銷售第三項所列改採備查方式辦理之保險商品，應報經董（理）事會或常務董（理）事會通過。
但外國保險業在臺分支機構，應經其在臺負責人同意。