Regulations Governing Implementation of Internal Control and Auditing System of Insurance Enterprises Article 36-1

After the examination conducted by the competent authority or the local competent authority governing a foreign branch is completed or after an examination report is received by an insurance enterprise, the internal audit unit of the head office shall, based on the principle of materiality, promptly inform the directors and supervisors, and make a report to the forthcoming meeting of the board of directors. The report items should include the content of the meeting for the examination communication, major deficiencies found in the examination and improvement action plans required by the competent authority or possible disciplinary actions to be taken.