Regulations Governing the Preparation of Financial Reports by Insurance Enterprises Article 30-1

When an insurance enterprise undergoes business combination, it shall determine the actual acquirer and whether it is an actual transfer of control in accordance with IFRS 3. Unless otherwise provided, it shall measure the acquiree's identifiable assets and liabilities at fair value on the date of acquisition, and recognize goodwill or a gain from a bargain purchase. The date of acquisition is the date on which the acquirer obtains control of the acquiree.If any investment property or interest in joint operations that the insurance enterprise acquires and obtains constitutes a "business" as defined under IFRS 3, it shall be handled in accordance with the preceding paragraph.When an insurance enterprise undergoes business combination and acquires insurance contracts or reinsurance contracts held within the scope of IFRS 17, it shall measure the liabilities or assets in accordance with IFRS on the acquisition date. If acquired insurance contracts issued are onerous, the insurance enterprise shall recognize them as part of goodwill or gain on a bargain purchase (for contracts acquired in a business combination within the scope of IFRS 3), or as a loss in profit or loss (for contracts acquired in a transfer).