Regulations Governing the Review and Management of Insurance Industry Engaging in Insurance Trust Business Article 9

The qualifications of personnel of an insurance enterprise for its insurance trust business according to the provisions in Articles 6-8 hereof will be examined and registered by the Life Insurance Association of the Republic of China (referred to as the “Association” hereunder). Except for newly appointed supervisory or managing personnel who will be registered when they become qualified within six months on the job, all other personnel must be registered before they are allowed to perform related business. Personnel who do not meet the qualifications provided in Articles 6-8 hereof may not perform related business and may not be registered as specified in the preceding paragraph; if any such personnel has been registered, the insurance enterprise shall ask the Association to cancel the registration. An insurance enterprise shall report to the Association any change to the personnel in the first paragraph hereof in five business days from the next day following the change. Where a personnel for the insurance trust business of an insurance enterprise has his or her registration cancelled for reason as described in the second paragraph hereof, the Association shall not accept the registration of such person in three years from the date of registration cancellation.