Regulations Governing Foreign Investments by Insurance Companies Article 2
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.
Definitions of the phases referred to herein are as follows:1.“Foreign government” means the central government and local government of a foreign country.2.“Foreign bank” means a foreign bank which is ranked among the world’s top five hundred banks in terms of its capital or assets or has established a branch within the territory of the Republic of China (“ROC").3.“Foreign credit rating agencies” means Moody’s Investors Service, Standard & Poor's Corp., Fitch Ratings Ltd., and other credit rating agencies recognized by the Financial Supervisory Commission.4.“Local credit rating agencies” mean Taiwan Ratings Corp. and Fitch Ratings Ltd., Taiwan Branch.5.“Overseas and Mainland China area real property” means the land in a foreign country and Mainland China area and any buildings thereon, the right to the yields from such land or the right to develop such land and construct buildings thereon.6.“Relationships of control and affiliation” have the same meaning as in Articles 369-2 and 369-3 of the Company Act and Article 6 of the Criteria Governing Preparation of Affiliation Reports, Consolidated Business Reports and Consolidated Financial Statements of Affiliated Enterprises.7. Major sanctions and penalties mean major sanctions and penalties specified in Article 2 of the Regulations Governing Public Disclosure by the Financial Supervisory Commission of Material Enforcement Actions for Violations of Financial Legislation.The total amount of the investment items as referred to as being rated by foreign credit rating agencies under these Regulations is calculated in the following manner:1.In cases where the rating level of such investment is above the minimum credit rating level as set forth hereunder, the total amount of the investment shall be calculated based on the amount of investment that remains at a certain level when or after the investment is made as well as the amount of the investment that is upgraded or downgraded after the investment;2.Save as otherwise provided in the preceding paragraph, in cases where such investment meets the minimum credit rating level set forth hereunder, the total amount of investment shall also include the total amount of investment downgraded under a certain rating level after the investment; provided that, however, if such investment is downgraded to a certain rating level that is not permitted hereunder, such investment shall be handled in accordance with the relevant insurance laws and regulations.If no bond issuance ratings are available for meeting the requirements for the credit rating of the bond specified in Subparagraph 1 of Paragraph 1, Item 1 to Item 3 of Subparagraph 1 of Paragraph 4, and Paragraph 7 of Article 6, Subparagraph 1 to Subparagraph 3 of Paragraph 2 and Subparagraph 3 of Paragraph 3 of Article 7, Paragraph 1 of Article 10, and Subparagraph 1 of Paragraph 1 of Article 17, the credit rating of the issuance or guarantee institution from a foreign credit rating agency shall be used instead.
中文原文 保險業辦理國外投資管理辦法第2條
本辦法用詞定義如下：
一、外國政府：指外國之中央政府或地方政府。
二、外國銀行：指全世界銀行資本或資產排名居前五百名以內或在中華民國境內設有分行之外國銀行。
三、國外信用評等機構：指Moody'sInvestorsService、Standard&Poor'sCorp.、FitchRatingsLtd.，及其他經主管機關認可之信用評等機構。
四、國內信用評等機構：指中華信用評等股份有限公司、澳洲商惠譽國際信用評等股份有限公司台灣分公司。
五、國外或大陸地區不動產：指外國或大陸地區之土地及其定著物或取得作為收益或開發該土地及興建其上定著物之相關權利。
六、控制與從屬關係：指公司法第三百六十九條之二、第三百六十九條之三及關係企業合併營業報告書關係企業合併財務報表及關係報告書編製準則第六條規範之控制與從屬關係。
七、重大裁罰及處分：指金融監督管理委員會處理違反金融法令重大裁罰措施之對外公布說明辦法第二條所定各款之情事。
本辦法所稱經國外信用評等機構評定為一定等級投資項目之投資總額，其計算方式如下：
一、該一定等級投資項目高於本辦法所定得投資之最低信用評等等級者，其投資總額應以投資時及投資後維持該一定等級，及投資後遭調升或調降評等至該一定等級者之投資項目總額合併計算。
二、該一定等級投資項目為本辦法所定得投資之最低信用評等等級者，除依前款辦理外，其投資總額並應包括投資後遭調降評等至該一定等級以下者之投資項目總額，但遭降評至非本法規定所得投資信用評等等級之投資項目，仍須依保險相關法令辦理。
第六條第一項第二款第一目、第四項第一款第一目至第三目、第七項、第七條第二項第一款至第三款、第三項第三款、第十條第一項及第十七條第一項第一款所稱債券發行評等之投資條件，如無債券發行評等，應以國外信用評等機構對該發行或保證機構之信用評等等級替代之。
一、外國政府：指外國之中央政府或地方政府。
二、外國銀行：指全世界銀行資本或資產排名居前五百名以內或在中華民國境內設有分行之外國銀行。
三、國外信用評等機構：指Moody'sInvestorsService、Standard&Poor'sCorp.、FitchRatingsLtd.，及其他經主管機關認可之信用評等機構。
四、國內信用評等機構：指中華信用評等股份有限公司、澳洲商惠譽國際信用評等股份有限公司台灣分公司。
五、國外或大陸地區不動產：指外國或大陸地區之土地及其定著物或取得作為收益或開發該土地及興建其上定著物之相關權利。
六、控制與從屬關係：指公司法第三百六十九條之二、第三百六十九條之三及關係企業合併營業報告書關係企業合併財務報表及關係報告書編製準則第六條規範之控制與從屬關係。
七、重大裁罰及處分：指金融監督管理委員會處理違反金融法令重大裁罰措施之對外公布說明辦法第二條所定各款之情事。
本辦法所稱經國外信用評等機構評定為一定等級投資項目之投資總額，其計算方式如下：
一、該一定等級投資項目高於本辦法所定得投資之最低信用評等等級者，其投資總額應以投資時及投資後維持該一定等級，及投資後遭調升或調降評等至該一定等級者之投資項目總額合併計算。
二、該一定等級投資項目為本辦法所定得投資之最低信用評等等級者，除依前款辦理外，其投資總額並應包括投資後遭調降評等至該一定等級以下者之投資項目總額，但遭降評至非本法規定所得投資信用評等等級之投資項目，仍須依保險相關法令辦理。
第六條第一項第二款第一目、第四項第一款第一目至第三目、第七項、第七條第二項第一款至第三款、第三項第三款、第十條第一項及第十七條第一項第一款所稱債券發行評等之投資條件，如無債券發行評等，應以國外信用評等機構對該發行或保證機構之信用評等等級替代之。