Regulations for Establishment and Administration of Insurance Enterprises Article 13

After an insurance company receives an establishment permit but before it is issued a business license, if any of the following circumstances arises with respect to the company, the competent authority will not issue a business license:1. A circumstance set out in Article 3 of the Regulations for the Responsible Persons of Insurance Enterprises is found to apply to a promoter after the application for establishment has been submitted.2. A responsible person does not meet the qualification requirements set out in the Regulations for the Responsible Persons of Insurance Enterprises.3. A director or supervisor violates the provisions of the Regulations for the Responsible Persons of Insurance Enterprises.4. The company is not in compliance with the provisions of Article 5.5. The company fails to furnish a required document.6. Other circumstances exist that the competent authority believes pose a likelihood that the company will not be able to operate insurance business in a sound and effective manner.
中文原文 保險業設立許可及管理辦法第13條
保險公司經設立許可後核發營業執照前有下列情形之一者,主管機關不予核發營業執照:
一、發起人有保險業負責人準則第三條各款情事之一。
二、負責人資格不符合保險業負責人準則規定。
三、董事、監察人違反保險業負責人準則之規定。
四、不符合第五條之規定。
五、未提出應具備文件。
六、其他經主管機關認為無法健全有效經營保險業務之虞。

English translation for reference only; the Chinese text prevails. Not legal advice.