Regulations Governing Derivatives Transactions Conducted by Insurance Companies Article 6
An insurer may engage in the following derivatives transactions relating to investment in domestic securities specified in Article 146-1 or loans in Article 146-3 of the Act for hedging purposes: 1. Call (put) warrants traded by Taiwan Stock Exchange Corporation or GreTai Securities Market;2. Futures trading contracts traded on Taiwan Futures Exchange Corporation (TFEC) and futures trading contracts traded on foreign exchanges through collaboration agreements entered into by TFEC and foreign exchanges;3. Such derivatives referencing to various underlying instruments besides those in the preceding two subparagraphs which domestic and foreign financial institutions meeting the following requirements are permitted to trade with or for customers according to law:(1) Domestic financial institutions with their risk-based capital ratio, ratio of regulatory capital to risk-weighted assets, regulatory capital adequacy ratio, or the percentage accounted for by adjusted net capital in the total amount of customer margins required for the open positions of futures traders meeting regulatory criteria.(2) Foreign financial institutions with BBB+ equivalent or above credit rating suggested by foreign credit rating agencies in the immediately preceding year.
中文原文 保險業從事衍生性金融商品交易管理辦法第6條
保險業得基於避險目的，從事與投資本法第一百四十六條之一規定之國內有價證券或第一百四十六條之三規定之放款有關之下列衍生性金融商品交易：
一、臺灣證券交易所股份有限公司或財團法人中華民國證券櫃檯買賣中心交易之認購（售）權證。
二、臺灣期貨交易所股份有限公司交易之期貨交易契約，及該公司經主管機關核准與國外交易所簽署合作協議，於該國外交易所上市之期貨交易契約。
三、符合下列條件之本國及外國金融機構依法得辦理之前二款以外之各種標的之衍生性金融商品：
（一）最近一期自有資本與風險性資產之比率、自有資本適足比率、調整後淨資本額占期貨交易人未沖銷部位所需之客戶保證金總額比例，符合法定標準之本國金融機構。
（二）最近一年長期債務信用評等等級經國外信用評等機構評定達BBB+級或相當等級以上之外國金融機構。
一、臺灣證券交易所股份有限公司或財團法人中華民國證券櫃檯買賣中心交易之認購（售）權證。
二、臺灣期貨交易所股份有限公司交易之期貨交易契約，及該公司經主管機關核准與國外交易所簽署合作協議，於該國外交易所上市之期貨交易契約。
三、符合下列條件之本國及外國金融機構依法得辦理之前二款以外之各種標的之衍生性金融商品：
（一）最近一期自有資本與風險性資產之比率、自有資本適足比率、調整後淨資本額占期貨交易人未沖銷部位所需之客戶保證金總額比例，符合法定標準之本國金融機構。
（二）最近一年長期債務信用評等等級經國外信用評等機構評定達BBB+級或相當等級以上之外國金融機構。