Regulations Governing Use of Insurer's funds in Special Projects, Public Investments and Social Welfare Enterprises Article 3

Use of insurer’s funds for public investments in line with government policies shall be limited to the following projects:1. Transportation facilities of highways, railroads, harbors, parking lots and airports.2. Facilities of public utilities, such as water, electricity, telecommunications, etc.3. Construction of social housing and elderly residence projects.4. Environmental protection facilities, including river, sewerage, garbage and waste disposal, and funeral facilities, excluding cemeteries and columbarium.5. Construction of public-welfare facilities for public recreation.6. Public infrastructure projects undertaken in accordance with the Act for Promotion of Private Participation in Infrastructure Projects (referred to as the “PPP Act” hereunder) or other regulations.7. Other public infrastructure projects in line with government policies.Public Infrastructure projects undertaken in accordance with other regulations” under Subparagraph 6 of the preceding paragraph refer to a project planned by the competent authority in accordance with other regulations, deemed as a public investment in line with government policies, and in which the public infrastructure component accounts for not less than 50% of the development area or original investment amount.If an insurer engages in public investment in accordance with Subparagraphs 6 and 7 of Paragraph 1 hereof where the insurer participates through equity investment according to the regulations of the competent authority, and receives residential real estate reassigned by the investee company for insurer’s equity share in the project, the percentage of the insurer’s capital contribution multiplied by the percentage of residential real estate reassigned by the investee company to the total area of the real estate project may not exceed 10%. In addition, the insurer may not acquire ownership of the residential property. This restriction does not apply if the residences are provided for lease only.
中文原文 保險業資金辦理專案運用公共及社會福利事業投資管理辦法第3條
保險業資金為配合政策辦理公共投資,以下列事項之投資為限:
一、公路、鐵路、港灣、停車場及機場等交通運輸之設施。
二、水力、電力、電信等公用事業之設施。
三、社會住宅及老人住宅之興建。
四、河川、下水道之整治,垃圾、廢棄物處理等環境保護之設施,以及殯葬設施。
但前述殯葬設施不包括公墓及骨灰(骸)存放設施。
五、國民休閒等公眾福利之設施。
六、依促進民間參與公共建設法(以下簡稱促參法)或其他法令辦理之公共建設。
七、其他配合政府政策之公共建設。
前項第六款所稱其他法令辦理之公共建設,係指主辦機關依其他法令規劃,並經認定該案件屬配合政策之公共投資,且其公共建設開發面積或原始投資金額達百分之五十以上者。
保險業依第一項第六款及第七款規定辦理公共投資,依主辦機關規定,以投資股權方式參與且該被投資公司分回住宅不動產者,整體保險業出資比例乘以被投資公司分回不動產屬住宅部分占全案不動產面積之比例,不得超過百分之十,且不得由保險業取得住宅所有權。
但住宅為僅供租賃者,不在此限。

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