Regulations Governing Implementation of Internal Control and Auditing System of Insurance Enterprises Article 4-1

The code of conduct for directors specified in Subparagh 1 of the preceding article shall contain at least the rules that when a director discovers that the insurance enterprise is in danger of suffering material loss or damage, he shall handle the matter properly as soon as possible, immediately notify the audit committee or the independent directors or supervisors, report it to the board of directors and supervise the insurance enterprise to report to the competent authority.