Regulations Governing Management of Insurance Guaranty Funds Article 7

The Guaranty Fund may pay a proposer, an insured or a beneficiary on behalf of an insurance enterprise for the claims to which the proposer, the insured, or the beneficiary is entitled under a valid contract, pursuant to Subparagraph 3, Paragraph1, Article 143-3 of this Act, provided that the various requirements for such payment are satisfied after examinations and investigations, that its board of directors adopted a resolution on such payment, and that the payment is made within the scopes and the protection amount which is submitted by the Guaranty Fund, and approved by the competent authority.
中文原文 財團法人保險安定基金組織及管理辦法第7條
安定基金依本法第一百四十三條之三第一項第三款規定,代保險業墊付其要保人、被保險人及受益人依有效契約所得為之請求時,須經審核調查確實符合各項墊付之要件,並經董事會決議通過後,始得依安定基金擬訂並報主管機關核定之墊付範圍及限額撥款墊付之。

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