Regulations Governing Qualification Requirement and Concurrent Serving Restrictions and Matters for Compliance by the Responsible Persons of Insurance Enterprises Article 8-1

The vice general manager, assistant vice general manager, manager of an insurance enterprise, or those with equivalent duties must have good moral character, leadership and the ability to effectively manage an insurance enterprise, and must meet one of the following qualifications:1.Has graduated from a domestic or foreign school at the level of junior college or higher or possesses equivalent academic qualifications, has worked for no less than five years in insurance enterprises, and has served for no less than one year in the position of assistant manager or higher or in an equivalent position at the head office of an insurance enterprise (cooperative), and in such position has performed with excellence.2.Has graduated from a domestic or foreign school at the level of junior college or higher or possesses equivalent academic qualifications, has worked for no less than five years in insurance administration or supervision, and has served for no less than one year in the position of intermediate civil service employee at grade 9 or higher or in an equivalent position, and in such position has performed with excellence.3.Has worked for no less than five years in insurance enterprises, and has served for no less than three years in the position of assistant manager or higher or in an equivalent position at the head office of an insurance enterprise (or cooperative), and in such position has performed with excellence.4.Has 10 or more years of professional experience in the field of information science, technology, law, e-commerce, digital economy, financial accounting, or human resources and has performed with excellence in that field.5.There is other factual evidence sufficient to prove that he/she has professional insurance expertise, or experience in managing an insurance enterprise, and is capable of safe, sound, and effective operation of an insurance business, and having received a prior approval of the competent authority for such appointment.The person who possess the qualifications set out in subparagraph 4 and 5 may only serve in a position related to his or her area of professional area(s) of expertise.