Regulations Governing Management of Insurance Guaranty Funds Article 21
All directors and supervisors serve three-year terms and if reappointed may serve successive terms. The number of reappointed directors shall not exceed four fifths of the total number of directors to appointed at the same time.Directors and supervisors shall not be spouses or related by blood or marriage within the third degree of kinship.Directors and Supervisors all are positions of no salary. However, this shall not apply to the chairman if he/she does not draw other salaries, monthly pension (salary), or severance pay.If a director or supervisor is replaced for any reason, or is replaced due to a change of jobs, the term of replacement shall last only until the date of expiry of the term of the original director or supervisor.When a director or supervisor is not replaced upon expiration of the term of office, then he or she shall continue to serve until a newly appointed person takes over as director or supervisor.A director or supervisor of the Guaranty Fund is with any of the following circumstances shall be removed from office by the competent authority with notice to the court for relevant registration:1.Having been sentenced with an imprisonment term provided that this shall not apply if the sentence is accompanied with a probation or the offence is committed due to negligence;2.Exercising duties by an executive director or supervisor in violation of law or the charter of endowment which is harmful to the benefit of the public or the Guaranty Fund.No person with any of the following circumstances shall be appointed as the chairperson, alternate chairman, or supervisor of the Guaranty Fund; or if appointed, shall be ipso facto removed from office by the competent authority with notice to the court for relevant registration:1.Having been rendered with a final judgment of guilty for committing an offence under the Statute for Prevention of Organizational Crimes, the sentence as result thereof is not yet served or fully served, or it is less than 2 years after the sentence is fully served or pardoned; provided that this shall not apply to a person who receives a sentence of probation;2.Having been rendered with a final judgement of guilty with sentence of an imprisonment term of 1 year or more for committing fraud, breach of trust, misappropriation or corruption, the sentence is not yet served or fully served, or it is less than 2 years after the sentence is fully served or pardoned; provided that this shall not apply to a person who receives a sentence of probation;3.Having been denied service by the bills clearing house and the denial status has not yet been removed;4. Having been adjudicated bankrupt or ordered to begin the liquidation procedure in accordance with the Consumer Debt Clearance Act, and rights and privileges have not been reinstated; or5.Having been placed under guardianship or assistance by the court, and the status has not yet been removed.Individuals subject to conditions in Subparagraph 4 or 5 in the preceding paragraph may not serve as the director of the Guaranty Fund. Where such individual has been appointed to such roles, he/she shall be discharged ipso facto and the competent authority shall register the violation in court.In addition to resignations prior to the expiry of their terms, the directors or supervisors of the Guaranty Fund shall be discharged by the competent authority after the discharge is passed by the board of directors and reported to the competent authority under the following conditions:1. Where the director or supervisor is subject to a conflict of interest in the performance of his/her duties and is required to recuse himself/herself but fails to do so and such violation is deemed as severe;2.Where the director or supervisor engages in other actions detrimental to the Guaranty Fund.
中文原文 財團法人保險安定基金組織及管理辦法第21條
董事及監察人之任期均為三年，連聘得連任，每屆期滿連任之董事，不得逾改選董事總人數五分之四。
董事及監察人相互間不得有配偶及三親等內之親屬關係。
董事及監察人均為無給職。
但董事長未支領其他薪資、月退休金（俸）或月退職酬勞金者，不在此限。
任期內因故改聘或因職務變動改聘者，其任期以分別補足原任董事或監察人未滿之任期為止。
任期屆滿而不及改聘時，延長其執行職務至改聘董事、監察人就任時為止。
安定基金之董事或監察人有下列情形之一者，由主管機關解除其職務，並通知法院為登記：
一、受有期徒刑以上刑之宣告。
但受緩刑宣告或因過失犯罪者，不在此限。
二、執行董事或監察人職務有違反法令或捐助章程之行為，致損害公益或安定基金利益。
有下列情事之一者，不得充任安定基金之董事長、代理董事長及監察人，其已充任者，當然解任，並由主管機關通知法院為登記：
一、曾犯組織犯罪防制條例規定之罪，經有罪判決確定，尚未執行、執行未畢、執行完畢或赦免後未滿二年。
但受緩刑宣告者，不在此限。
二、曾犯詐欺、背信、侵占或貪污罪，經判處有期徒刑一年以上之刑確定，尚未執行、執行未畢、執行完畢或赦免後未滿二年。
但受緩刑宣告者，不在此限。
三、使用票據經拒絕往來尚未期滿。
四、受破產宣告或依消費者債務清理條例經裁定開始清算程序，尚未復權。
五、受監護或輔助宣告，尚未撤銷。
有前項第四款或第五款情事者，不得充任安定基金之董事，其已充任者，當然解任，並由主管機關通知法院為登記。
安定基金之董事或監察人除於任期屆滿前自行辭職者外，有下列情形之一者，經董事會通過並報主管機關解任：
一、執行職務時有利益衝突，應自行迴避而未迴避，其情節重大者。
二、有其他對安定基金不利之行為者。
董事及監察人相互間不得有配偶及三親等內之親屬關係。
董事及監察人均為無給職。
但董事長未支領其他薪資、月退休金（俸）或月退職酬勞金者，不在此限。
任期內因故改聘或因職務變動改聘者，其任期以分別補足原任董事或監察人未滿之任期為止。
任期屆滿而不及改聘時，延長其執行職務至改聘董事、監察人就任時為止。
安定基金之董事或監察人有下列情形之一者，由主管機關解除其職務，並通知法院為登記：
一、受有期徒刑以上刑之宣告。
但受緩刑宣告或因過失犯罪者，不在此限。
二、執行董事或監察人職務有違反法令或捐助章程之行為，致損害公益或安定基金利益。
有下列情事之一者，不得充任安定基金之董事長、代理董事長及監察人，其已充任者，當然解任，並由主管機關通知法院為登記：
一、曾犯組織犯罪防制條例規定之罪，經有罪判決確定，尚未執行、執行未畢、執行完畢或赦免後未滿二年。
但受緩刑宣告者，不在此限。
二、曾犯詐欺、背信、侵占或貪污罪，經判處有期徒刑一年以上之刑確定，尚未執行、執行未畢、執行完畢或赦免後未滿二年。
但受緩刑宣告者，不在此限。
三、使用票據經拒絕往來尚未期滿。
四、受破產宣告或依消費者債務清理條例經裁定開始清算程序，尚未復權。
五、受監護或輔助宣告，尚未撤銷。
有前項第四款或第五款情事者，不得充任安定基金之董事，其已充任者，當然解任，並由主管機關通知法院為登記。
安定基金之董事或監察人除於任期屆滿前自行辭職者外，有下列情形之一者，經董事會通過並報主管機關解任：
一、執行職務時有利益衝突，應自行迴避而未迴避，其情節重大者。
二、有其他對安定基金不利之行為者。