Regulations for Establishment, Transfer, or Withdraw Branch Units by Insurance Enterprises Article 21
An insurance enterprise shall obtain approval from the competent authority before establishing a foreign subsidiary, branch office, or representative office.The term "subsidiary" in the preceding paragraph means a foreign insurance company, at least 50 percent of whose total issued shares or paid-in capital is owned by an insurance enterprise.An insurance enterprise that establishes a subsidiary, branch office, or representative office in the mainland China area shall do so in accordance with the provisions of the "Regulations Governing Permission of Insurance Business Transactions and Investment Between the Taiwan Area and the Mainland Area," while an insurance enterprise that establishes such an entity in Hong Kong or Macau shall do so in accordance with the provisions of the "Regulations Governing Permission for Establishment of Branch Units and Subsidiaries in Hong Kong and Macau by Taiwan-area Insurance Institutions," and the provisions of these Regulations shall not apply.
中文原文 保險業設立遷移或裁撤分支機構管理辦法第21條
保險業在國外設立子公司、分公司或代表人辦事處，應事先報經主管機關核准。
前項所稱子公司，指保險業持有外國保險公司已發行股份總數或實收資本額百分之五十以上之公司。
保險業於大陸地區及香港、澳門設立子公司、分公司或代表人辦事處，應分別依據臺灣地區與大陸地區保險業務往來及投資許可管理辦法及臺灣地區保險機構在香港澳門設立分支機構子公司許可辦法規定辦理，不適用本辦法之規定。
前項所稱子公司，指保險業持有外國保險公司已發行股份總數或實收資本額百分之五十以上之公司。
保險業於大陸地區及香港、澳門設立子公司、分公司或代表人辦事處，應分別依據臺灣地區與大陸地區保險業務往來及投資許可管理辦法及臺灣地區保險機構在香港澳門設立分支機構子公司許可辦法規定辦理，不適用本辦法之規定。