Regulations Governing Management of Insurance Guaranty Funds Article 13

If the Guaranty Fund is in any of the following circumstances, the competent authority may notify the fund to rectify, and order the fund to make improvement within a given time limit.1.Failure to execute operations in accordance with the work plan or conduct business activities other than those set forth in this Act and the Articles of Endowment of the Guaranty Fund;2.Where the resolution adopted by the Guaranty Fund's board of directors is unlawful or improper;3.Where the Guaranty Fund fails to operate business in accordance with the law or regulations;4.Where the Guaranty Fund's revenues and expenditures lack legal evidentiary certificates, or the accounting records thereof are incomplete;5.Where the Guaranty Fund's reports on its business operations or financial accounts are false;6.Other violations of the provisions set forth in these Regulations, the articles of endowment, or any other laws and regulations.If the Guaranty Fund, which is punished pursuant to the preceding provisions, fails to make corrections within the given time limit, the competent authority may continue to impose the correction order on it, and take other actions in accordance with applicable laws and regulations.
中文原文 財團法人保險安定基金組織及管理辦法第13條
安定基金有下列情形之一者,主管機關得予糾正,並限期改善:
一、未依工作計畫執行業務或辦理本法及捐助章程所定業務範圍以外之業務。
二、董事會之決議違法或不當者。
三、辦理業務不遵循法令者。
四、財務收支未具合法之憑證或未有完備之會計紀錄者。
五、對於業務、財務為不實之報告者。
六、其他違反本辦法、捐助章程或其他法令之規定者。
安定基金經主管機關依前項規定處分後,未於限期內改正者,主管機關得繼續命其限期改正,並依相關法令規定處理。

English translation for reference only; the Chinese text prevails. Not legal advice.