Regulations Governing Insurance Brokers Article 56

After the amended Regulations are in force on September 22, 2022, For the head office of a foreign insurance broker company applying for approval to establish a branch office within the territory of the Republic of China to operate insurance broker business, the head office shall appropriate funds of no less than NT$20 million exclusively for the business operation of each branch office established according to its business plan; when applying for operation of reinsurance broker business, the minimum working capital of each branch office shall be NT$20 million; when applying for operating concurrently insurance broker business and reinsurance broker business, the minimum working capital of each branch office shall be NT$30 million.Before the amended Regulations are in force on September 22, 2022, the head office of a foreign insurance broker company shall appropriate funds of not less than NT$5 million exclusively for the business operation of each branch office established according to its business plan; when applying for operation of reinsurance broker business, the minimum working capital of each branch office shall be NT$10 million; when applying for operating concurrently insurance broker business and reinsurance broker business, the minimum working capital of each branch office shall be NT$10 million.