Regulations Governing Insurance Brokers Article 20
This English translation was last updated on 2024-07-22, but the Chinese text was amended on 2026-09-30. Later amendments may not be reflected in the translation — please refer to the Chinese text.
Upon applying to the competent authority for the issuance of a practice license to operate insurance broker business, a bank shall pay the fees set by the competent authority and submit the following documents:1. An application form;2. The proof of the deposit of bond and a duplicate of an insurance policy showing the purchase of professional liability insurance and bonding insurance;3. A list of the department head, department deputy head.4. A written statement by department head and department deputy head undertaking that they are free of the situations set out any of the subparagraphs of paragraph 1, Article 6 and proofs submitted by employed brokers are free of the situation set out in subparagraph 26, Article 49 herein;5. Certification showing membership in the insurance brokerage association in accordance with Article 45 herein; and6. Other documents as required by the competent authority.