Regulations Governing Offshore Insurance Branches Article 14

An offshore insurance branch that engages in offshore insurance business shall make sure matters concerning its insurance solicitors with respect to the obtaining of qualifications, registration, voidance or revocation of registration, education and training, disciplinary matters and other matters requiring compliance are in compliance with the Regulations Governing the Supervision of Insurance Solicitors and relevant rules.An offshore insurance branch that engages in foreign currency denominated insurance business mentioned in Subparagraph 1, Paragraph 1, Article 22-13 of the Act shall confirm that insurance brokers and insurance agents it does business with have obtained a practice license provided under Paragraph 1, Article 163 of the Insurance Act, with exception to non-life insurance products listed under Paragraph 3 of Article 9 herein.