Regulations Governing the Review and Management of Insurance Industry Engaging in Insurance Trust Business Article 21
If an insurance enterprise engaging in insurance trust business has incidence of violating the insurance regulations or these Regulations in the utilization of trust funds, or the ratio of its regulatory capital to risk-based capital fails to comply with the adequacy ratio set forth in paragraph 1, Article 143-4 of the Act, or the significant deterioration of its business or financial conditions might impair the interests of the trustors or beneficiaries, the competent authority may order correction or demand the insurance enterprise to improve the situation within a prescribed period of time, and in view of the severity of the situation, impose the following disciplinary actions separately or concurrently:1. Revoking the approval for operating insurance trust business.2. Forbidding the insurance enterprise to take on new insurance trust business.3. Ordering the insurance enterprise to put the trust assets under the custody of a financial institution which meet the requirements in Item 1 of Subparagraph 2, Article 4.4. Other actions for business improvement.If an insurance enterprise has been revoked approval for operating insurance trust business, the insurance enterprise shall, within six months and with approval from the competent authority, transfer its insurance trust business and trust assets taken on according to the trust agreements prior to the revocation of approval to an enterprise allowed to operate exclusively or concurrently insurance trust business. If the insurance enterprise fails to make such transfer within the prescribed period of time, the competent authority may impose disciplinary action in accordance with Article 149 of the Act.
中文原文 保險業經營保險金信託業務審核及管理辦法第21條
保險業經營保險金信託業務，有信託資金運用違反保險法令或本辦法規定之情事、自有資本與風險資本之比率未達本法第一百四十三條之四第一項之適足比率或因業務或財務狀況顯著惡化有損及委託人或受益人權益之虞者，主管機關除得予以糾正或命其限期改善外，並得依情節之輕重，分別或同時為下列處分：
一、廢止其經營保險金信託業務之許可。
二、限制其不得承作新保險金信託業務。
三、命其將信託財產委由符合第四條第二款第一目條件之金融機構保管。
四、其他改進業務之處置。
保險業經主管機關依前項第一款廢止其經營保險金信託業務之許可者，應於六個月內報經主管機關核准，將廢止前已承作之保險金信託業務及信託財產依信託契約移轉予得經營或兼營保險金信託業務之事業；逾期未移轉者，主管機關得依本法第一百四十九條規定處分。
一、廢止其經營保險金信託業務之許可。
二、限制其不得承作新保險金信託業務。
三、命其將信託財產委由符合第四條第二款第一目條件之金融機構保管。
四、其他改進業務之處置。
保險業經主管機關依前項第一款廢止其經營保險金信託業務之許可者，應於六個月內報經主管機關核准，將廢止前已承作之保險金信託業務及信託財產依信託契約移轉予得經營或兼營保險金信託業務之事業；逾期未移轉者，主管機關得依本法第一百四十九條規定處分。