Regulations for Establishment, Transfer, or Withdraw Branch Units by Insurance Enterprises Article 3

An insurance enterprise may apply with the competent authority to establish an additional branch office (or branch cooperative) if it meets each of the following conditions:1.Owner's equity exceeds its paid-in capital or endowment.2.In the past year it has not been sanctioned by the competent authority pursuant to the Insurance Act for any financial or operational deficiency and it has not violated the provisions of these Regulations, or if it has, concrete steps have been taken to make an improvement and the competent authority has recognized this fact.3.No other facts indicate that sound business operations may be hindered.
中文原文 保險業設立遷移或裁撤分支機構管理辦法第3條
保險業符合下列各款條件者,得向主管機關申請增設分公司(分社):
一、業主權益超過其實收資本額或基金額。
二、最近一年內未因財務業務缺失經主管機關依本法處分,或無違反本辦法規定之情事,或已具體改善並經主管機關認可者。
三、無其他事實顯示有礙健全經營業務之虞或未能符合保險政策之要求者。

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