Regulations Governing Foreign Investments by Insurance Companies Article 13-1
This English translation was last updated on 2024-05-17, but the Chinese text was amended on 2026-09-04. Later amendments may not be reflected in the translation — please refer to the Chinese text.
To file an application to invest in an overseas insurance-related enterprise, the insurer must meet the following requirements:1. The insurer must meet at least one of the following requirements:(1) The average ratio of total adjusted net capital to risk-based capital of the insurer over the most recent 3 years is above the regutory standard.(2) The owner’s equity at the end of the most recent period divided by the total asset excluding separate account is above 6%.2.The insurer’s various reserve funds amortized during the previous year must be consistent with the legal requirements.3. The insurer is not subject to any event that may interfere with sound operation, as determined by the competent authority, and in the immediately preceding year, the insurer has not been subject to any major sanctions its and penalties related to the usage of insurer’s funds by the competent authority, except if such event has been substantially improved, as determined by the competent authority.4. The investment is subject to the approval of the insurer’s board of directors. If the insurer is a subsidiary of a financial holding company, the investment is subject to the approval of the board of directors of such financial holding company.5. The insurer shall establish an internal procedure related to investment in overseas insurance-related enterprises and the operation and management of the other businesses invested by such enterprises, where the procedure of establishment and content thereof shall comply with the following provisions:(1)Such procedure, including any amendment shall be implemented after approval by the insurer’s board of directors.(2) If the insurer is a subsidiary of a financial holding company, such internal procedure, including any amendment, shall be implemented after approval by the board of directors of the financial holding company.(3)For overseas insurance-related enterprises having a relationship of control and affiliation with the insurer or having a director or supervisor appointed by the insurer, the internal procedure related to their operation and management shall include control mechanism for timely access to the enterprise’s business audit report, accountant’s report and financial examination report issued by the home-country government.6. The insurer’s board of directors shall establish a risk management committee or an interior risk management department and one chief risk officer shall assume responsibility for the overall risk management of the company.7. An effective investment management and risk control procedure shall be established and implemented after approval by the board of directors.To file an application to invest in an overseas insurance related enterprise other than foreign insurance companies, insurance agent companies, insurance broker companies and overseas fundraising enterprises, in addition to complying with the provisions set forth in each subparagraph of the preceding paragraph, the insurer must also meet the following requirements:1. The average ratio of total adjusted net capital to risk-based capital of the insurer over the most recent 3 years is above 125% of the regulatory standard.2. The insurer shall possess the professional capability and experience for sound operations and management of the insurance-related enterprise.3. When the insurer applies for investing in an overseas banking enterprise, it shall jointly invest with the banking subsidiary of the affiliated financial holding company, and its capital contribution to the invested banking enterprise may not be higher than that of the banking subsidiary.The insurer shall ensure, before and after making the investment, that it is able to obtain and provide relevant data or documents that it should obtain or file pursuant to Subparagraphs 1, 4, 6, 7, 9-12 and 15 of Article 13-3 herein. If any of the aforementioned data or documents is not obtainable after the investment due to regulatory change of the home country, the preceding provision does not apply, provided the insurer has submitted a report to the competent authority that describes relevant situation and reasons within 2 days from the next day following the date of becoming aware of the situation, and submitted relevant proof documents to the competent authority for approval within 15 days.
中文原文 保險業辦理國外投資管理辦法第13-1條
保險業申請投資國外保險相關事業，應符合下列資格條件：
一、保險業應至少符合下列條件之一。
但申請投資國外籌資事業者，不在此限：
（一）保險業最近三年度自有資本與風險資本比率之平均值達法定標準以上。
（二）最近一期業主權益除以不含分離帳戶總資產比率達百分之六以上。
二、保險業前一年度各種準備金之提存符合法令規定。
三、保險業無經主管機關認定之有礙健全經營之虞之情事，且最近一年內資金運用未有遭主管機關重大裁罰及處分。
但其該等情事已獲具體改善經主管機關認定者，不在此限。
四、該投資應經保險業董事會通過，保險業若屬金融控股公司之子公司者，並應經其所屬金融控股公司董事會通過。
五、保險業應訂定投資國外保險相關事業及該事業投資之其他事業之經營管理相關內部作業規範，其程序與內容應符合下列規定：
（一）應經保險業董事會通過後實施，修正時亦同。
（二）保險業若屬金融控股公司之子公司者，該內部作業規範應經其所屬金融控股公司董事會通過後實施，修正時亦同。
（三）保險業對具有控制與從屬關係或有派任董事、監察人之國外保險相關事業，其經營管理相關內部作業規範應包括即時取得該保險相關事業之業務稽核報告、會計師查核報告及所在國政府金融檢查報告等資料之控管機制。
六、保險業董事會設置風險管理委員會，或公司內部設置風險管理部門及風控長，實際負責公司整體風險控管。
七、應建立有效之投資管理及風險控管機制，並提報保險業董事會決議後施行。
保險業申請投資國外保險公司、保險代理人公司、保險經紀人公司及國外籌資事業以外之國外保險相關事業，除應符合前項各款規定外，並應符合下列資格條件：
一、保險業最近三年度自有資本與風險資本比率之平均值應達法定標準一點二五倍以上。
二、保險業應具備可健全經營管理該保險相關事業之專業能力及經驗。
三、保險業申請投資國外銀行業，應與所屬金融控股公司之銀行子公司共同投資，且保險業之出資額不得高於銀行子公司。
保險業投資前與投資後，均應確認可取得並提供第十三條之三第一款、第四款、第六款、第七款、第九款至第十二款及第十五款規定應取得或申報之相關資料或文件。
但投資後因所在國法令規定變更致無法提供上開資料或文件，於知悉日之次日起二日內敘明相關事由函報主管機關，及於十五日內檢具相關證明文件報經主管機關核准者，不在此限。
一、保險業應至少符合下列條件之一。
但申請投資國外籌資事業者，不在此限：
（一）保險業最近三年度自有資本與風險資本比率之平均值達法定標準以上。
（二）最近一期業主權益除以不含分離帳戶總資產比率達百分之六以上。
二、保險業前一年度各種準備金之提存符合法令規定。
三、保險業無經主管機關認定之有礙健全經營之虞之情事，且最近一年內資金運用未有遭主管機關重大裁罰及處分。
但其該等情事已獲具體改善經主管機關認定者，不在此限。
四、該投資應經保險業董事會通過，保險業若屬金融控股公司之子公司者，並應經其所屬金融控股公司董事會通過。
五、保險業應訂定投資國外保險相關事業及該事業投資之其他事業之經營管理相關內部作業規範，其程序與內容應符合下列規定：
（一）應經保險業董事會通過後實施，修正時亦同。
（二）保險業若屬金融控股公司之子公司者，該內部作業規範應經其所屬金融控股公司董事會通過後實施，修正時亦同。
（三）保險業對具有控制與從屬關係或有派任董事、監察人之國外保險相關事業，其經營管理相關內部作業規範應包括即時取得該保險相關事業之業務稽核報告、會計師查核報告及所在國政府金融檢查報告等資料之控管機制。
六、保險業董事會設置風險管理委員會，或公司內部設置風險管理部門及風控長，實際負責公司整體風險控管。
七、應建立有效之投資管理及風險控管機制，並提報保險業董事會決議後施行。
保險業申請投資國外保險公司、保險代理人公司、保險經紀人公司及國外籌資事業以外之國外保險相關事業，除應符合前項各款規定外，並應符合下列資格條件：
一、保險業最近三年度自有資本與風險資本比率之平均值應達法定標準一點二五倍以上。
二、保險業應具備可健全經營管理該保險相關事業之專業能力及經驗。
三、保險業申請投資國外銀行業，應與所屬金融控股公司之銀行子公司共同投資，且保險業之出資額不得高於銀行子公司。
保險業投資前與投資後，均應確認可取得並提供第十三條之三第一款、第四款、第六款、第七款、第九款至第十二款及第十五款規定應取得或申報之相關資料或文件。
但投資後因所在國法令規定變更致無法提供上開資料或文件，於知悉日之次日起二日內敘明相關事由函報主管機關，及於十五日內檢具相關證明文件報經主管機關核准者，不在此限。