Regulations Governing Use of Insurer's funds in Special Projects, Public Investments and Social Welfare Enterprises Article 8
If the total amount of an insurer invested in one and the same entity exceeds half of the entity’s outstanding shares or half of its total outstanding voting shares, the following shall be complied with:1. The insurer shall ensure that the invested entity has set up an internal audit unit and set out in its internal control system the procedures and methods for self-assessment operation. Compliance with this implementation shall be tracked periodically by the insurer.2. The insurer shall ensure that the invested entity has agreed to provide at least an annual audit report or self-assessment report to the insurer. The insurer shall also ensure that the invested entity has agreed to submit a report to it within 10 days from the date the invested entity has found any violation or abnormality of the internal control system while conducting a project or annual audit.3. The insurer shall ensure that the invested entity has agreed it to conduct an on-site audit on the invested entity during the investment period.4. If the post-tax profit or loss of the invested entity in the most recent accounting year is negative after investing, the insurer shall submit an improvement plan to its board of directors within two months from the date the financial report has been prepared by the invested entity. In addition, the audit unit of the insurer shall submit a quarterly audit report on the implementation of the improvement plan to the board of directors.5. The internal audit unit of the insurer shall track the improvement status of the invested entity on the flaw or abnormality mentioned in Subparagraph 2 and conduct an on-site audit on the invested entity once every six months. The relevant tracking and audit items shall be included in scope of the internal control and audit of the insurer. If any illegal activity or major violation is detected, the insurer shall immediately inform the invested entity and periodically prepare a tracking report. The completed audit and tracking report shall be submitted to a meeting of the board of directors of the insurer in its latest meeting.6. The subsidiaries shall comply with the required control procedure according to the “Regulations Governing Implementation of Internal Control and Auditing System of Insurers” and “Regulations Governing Establishment of Internal Control Systems by Public Companies”.7. The insurer shall establish a monitoring and audit management system. Such monitoring and audit system shall at least include the regulations prescribes in the preceding six subparagraphs and be submitted to and passed by the board of directors. If the independent directors have objections or reserve their opinions, the meeting minutes shall record the details.The audit and tracking report prescribed in Subparagraph 5 of previous Paragraph shall be signed by the general manager, the general auditor, and the compliance officer of the headquarter of the insurer. The content of the audit report shall at least include the followings:1. Operating status of the invested entity;2. Quarterly financial statement of the invested entity;3. The meeting minutes and the implementation status of the resolutions passed by the board of directors of the invested entity;4. The implementation status of the resolutions passed by the shareholders meeting of the invested entity;5. The existence of violation or abnormalities in the internal control system of the invested entity; and6. Whether the invested entity has a major violation or has been involved in any illegal activity.Non-life and life insurers shall comply with Article 11 of the “Regulations Governing Public Disclosure of Information by Non-life Insurers” and “Regulations Governing Public Disclosure of Information by Life Insurers” to disclose the audit report for the implementation of investment improvement plans listed in Subparagraph 4 of Paragraph 1 as well as the complete audit report of the invested entity listed in Subparagraph 5 in the same Paragraph to the public under the notes which shall be made under the information disclosure website. The aforesaid disclosure information shall be updated within ten days after submission to the board of directors.Where an invested entity specified in paragraph 1 and its subordinate companies having a controlling-subordinate relationship with the entity based on the entity’s shareholding in the company do not have substantial operating activities, the provisions of Subparagraphs 1 ~ 5 and Subparagraph 7 of Paragraph 1 hereof and the provisions of Paragraphs 2 and 3 hereof do not apply.
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8條
保險業對於同一被投資對象之投資金額超過被投資對象已發行股份總數半數或已發行有表決權之股份總數半數者，應符合下列規定：
一、應確認被投資對象已訂定設置內部稽核單位及訂定內部控制制度自行評估作業之程序及方法，並定期追蹤其執行情形之規定。
二、應確認被投資對象同意至少每年向保險業提供其稽核報告或自行評估報告，並確認被投資公司同意於其專案稽核、年度稽核發現內部控制制度缺失及異常事項等時，應於發現之日起十日內向保險業提出報告。
三、應確認被投資對象同意保險業於投資期間內得對其進行實地查核作業。
四、投資後於被投資對象最近一個會計年度稅後損益為負數或有累積虧損時，應於被投資對象財務報告完成編製之日起二個月內，將投資改善計畫提報董（理）事會通過，並由稽核部門每季向董（理）事會提出投資改善計畫執行進度之稽核報告。
五、內部稽核部門應追蹤第二款被投資公司提出之內部控制制度缺失及異常事項之改善情形，並應至少每半年對被投資對象進行實地查核作業，相關追蹤及查核事項應納入保險業內部控制及內部稽核之範圍；若發現有不法或重大舞弊等情事，應即通知被投資對象，並定期作成追蹤報告；查核報告及追蹤報告應於完成後，提報最近一次董（理）事會報告。
六、依保險業內部控制及稽核制度實施辦法及公開發行公司建立內部控制制度處理準則所定對子公司應符合之控制作業。
七、應建立監督及稽核管理制度，內容應至少包括前六款內容外，並提報董（理）事會通過。
獨立董事如有反對意見或保留意見，應於董事會議事錄載明。
前項第五款查核及追蹤報告，應經保險業總經理、總稽核及總機構法令遵循主管簽署；查核報告內容至少應包括以下事項：
一、被投資對象之營運情形。
二、被投資對象之每季財務報表。
三、被投資對象董事會會議紀錄及會議決議執行情形。
四、被投資對象股東會決議執行情形。
五、被投資對象內部控制制度是否有缺失及異常事項。
六、被投資對象是否有重大舞弊或不法情事。
財產保險業及人身保險業應分別依財產保險業辦理資訊公開管理辦法第十一條及人身保險業辦理資訊公開管理辦法第十一條規定，於資訊公開網頁之說明文件應記載事項項下公開揭露第一項第四款所列投資改善計畫執行進度之稽核報告及同項第五款所列對被投資對象之完整查核報告，並於提報董（理）事會後十日內更新。
第一項被投資對象與其持股達到控制與從屬關係之從屬公司無實質營運活動者，不適用第一項第一款至第五款及第七款、第二項及第三項規定。
一、應確認被投資對象已訂定設置內部稽核單位及訂定內部控制制度自行評估作業之程序及方法，並定期追蹤其執行情形之規定。
二、應確認被投資對象同意至少每年向保險業提供其稽核報告或自行評估報告，並確認被投資公司同意於其專案稽核、年度稽核發現內部控制制度缺失及異常事項等時，應於發現之日起十日內向保險業提出報告。
三、應確認被投資對象同意保險業於投資期間內得對其進行實地查核作業。
四、投資後於被投資對象最近一個會計年度稅後損益為負數或有累積虧損時，應於被投資對象財務報告完成編製之日起二個月內，將投資改善計畫提報董（理）事會通過，並由稽核部門每季向董（理）事會提出投資改善計畫執行進度之稽核報告。
五、內部稽核部門應追蹤第二款被投資公司提出之內部控制制度缺失及異常事項之改善情形，並應至少每半年對被投資對象進行實地查核作業，相關追蹤及查核事項應納入保險業內部控制及內部稽核之範圍；若發現有不法或重大舞弊等情事，應即通知被投資對象，並定期作成追蹤報告；查核報告及追蹤報告應於完成後，提報最近一次董（理）事會報告。
六、依保險業內部控制及稽核制度實施辦法及公開發行公司建立內部控制制度處理準則所定對子公司應符合之控制作業。
七、應建立監督及稽核管理制度，內容應至少包括前六款內容外，並提報董（理）事會通過。
獨立董事如有反對意見或保留意見，應於董事會議事錄載明。
前項第五款查核及追蹤報告，應經保險業總經理、總稽核及總機構法令遵循主管簽署；查核報告內容至少應包括以下事項：
一、被投資對象之營運情形。
二、被投資對象之每季財務報表。
三、被投資對象董事會會議紀錄及會議決議執行情形。
四、被投資對象股東會決議執行情形。
五、被投資對象內部控制制度是否有缺失及異常事項。
六、被投資對象是否有重大舞弊或不法情事。
財產保險業及人身保險業應分別依財產保險業辦理資訊公開管理辦法第十一條及人身保險業辦理資訊公開管理辦法第十一條規定，於資訊公開網頁之說明文件應記載事項項下公開揭露第一項第四款所列投資改善計畫執行進度之稽核報告及同項第五款所列對被投資對象之完整查核報告，並於提報董（理）事會後十日內更新。
第一項被投資對象與其持股達到控制與從屬關係之從屬公司無實質營運活動者，不適用第一項第一款至第五款及第七款、第二項及第三項規定。