Regulations Governing Offshore Insurance Branches Article 15
The utilization of an offshore insurance branch’s fund shall be complied with the Regulations Governing Foreign Investments by Insurance Companies, Regulations Governing Insurance Enterprises Extending Loans to and Engaging in Other Transactions with Same Person, Same Interested Party or Same Affiliate Enterprise, Regulations for Extending Loans by Insurance Enterprises to Interested Parties, Regulations Governing Insurance Enterprises Engaging in Transactions Other Than Extending Loans with Interested Parties, and relevant rules. However, the utilization of an offshore insurance branch’s fund that engages exclusively in reinsurance business shall not be applied to the Regulations Governing Foreign Investments by Insurance Companies.The branch of an offshore insurance company intending to engage in derivatives transactions to hedge insurance liabilities other than those defined in Item 2, Subparagraph 3, Article 2 of the “Regulations Governing Derivatives Transactions Conducted by Insurance Companies,” shall submit the documents specified in Paragraph 1, Article 3 of the same Regulations and a hedging plan to the competent authority for approval. In the event of any amendment to the hedging plan, the aforementioned documents shall also be submitted to the competent authority for its records.The utilization of an offshore insurance branch’s fund mentioned in the first preceding Paragraph may not be a New Taiwan Dollar exchange rate, a New Taiwan Dollar interest rate index, or a New Taiwan Dollar denominated products, and the investment portfolio may not involve any product denominated in New Taiwan Dollars unless obtaining the approval of the competent authority.The utilization of funds by an offshore insurance branch of a foreign insurance enterprise shall be combined with that of its branches inside the ROC for calculation purpose and shall conform to the provisions in the preceding three paragraphs.The following may not be included as part of the total foreign investment limit of an insurance enterprise: (various reserves for non-investment-linked life insurance business of the offshore insurance branch plus its net worth) x (1 – the percentage of foreign investment of the insurance enterprise determined by the competent authority pursuant to Paragraph 4, Article 15 of the Regulations Governing Foreign Investments by Insurance Companies.)The term “same person” as used in Paragraph 1 hereof shall mean the same natural or juristic person; the term “same interested party” shall include the principal, his/her spouse and relatives by blood within the second degree of kinship as well as an enterprise in which the principle or his/her spouse is a responsible person; the scope of “same affiliate enterprise” shall be governed by Articles 369-1 through 369-3, Articles 369-9 and Article 369-11 of the Company Act.Where an offshore insurance branch provides loans to its responsible persons, employees or major shareholders, or a person having any interested party relationship with its responsible persons or employees in charge of administering the loan according to Paragraph 1 hereof, such loans shall be fully secured and the conditions may not be better than those to other loanees of the same class. A loan that is equal to or more than the amount prescribed by the competent authority pursuant to the Regulations for Extending Loans by Insurance Enterprises to Interested Parties, shall be approved by three-fourths of the directors of the insurance enterprise present at a board of directors meeting attended by at least two-thirds of the directors, except for loans secured by foreign-currency life insurance policy issued by the offshore insurance branch of the insurance enterprise.
中文原文 國際保險業務分公司管理辦法第15條
國際保險業務分公司資金運用，應依保險業辦理國外投資管理辦法、保險業對同一人同一關係人或同一關係企業之放款及其他交易管理辦法、保險業利害關係人放款管理辦法、保險業與利害關係人從事放款以外之其他交易管理辦法及相關規定辦理。
但國際保險業務分公司專營再保險業務者，其資金運用不適用保險業辦理國外投資管理辦法。
國際保險業務分公司從事被避險項目為保險業從事衍生性金融商品交易管理辦法第二條第三款第二目以外之保險負債部位所辦理之衍生性金融商品交易，應檢送保險業從事衍生性金融商品交易管理辦法第三條第一項所列文件及避險計畫書向主管機關申請核准後始得辦理。
避險計畫書有修正時，應檢送前述文件報主管機關備查。
第一項國際保險業務分公司資金運用，除經主管機關核准者外，不得為新臺幣匯率、新臺幣利率指標或新臺幣計價商品，且投資標的組合內容亦不得涉及新臺幣計價商品。
外國保險業之國際保險業務分公司資金運用，應與其在我國分公司合併計算，並依前三項規定辦理。
下列金額不計入保險業辦理國外投資總額之額度：（國際保險業務分公司之非投資型人身保險業務各種準備金加計其淨值）ｘ（1－保險業辦理國外投資管理辦法第十五條第四項經主管機關核定保險業國外投資之比例）。
第一項所稱同一人，指同一自然人或同一法人；同一關係人之範圍，包含本人、配偶、二親等以內之血親及以本人或配偶為負責人之事業；同一關係企業之範圍，適用公司法第三百六十九條之一至第三百六十九條之三、第三百六十九條之九及第三百六十九條之十一規定。
國際保險業務分公司依第一項對其負責人、職員或主要股東，或對與其負責人或辦理放款之職員有利害關係者，所為之放款，應有十足擔保，其條件不得優於其他同類放款對象，如放款達保險業利害關係人放款管理辦法所定主管機關規定金額以上者，除以各該保險業國際保險業務分公司所簽發外幣收付之人身保險單為質之放款外，應經三分之二以上董事之出席及出席董事四分之三以上同意。
但國際保險業務分公司專營再保險業務者，其資金運用不適用保險業辦理國外投資管理辦法。
國際保險業務分公司從事被避險項目為保險業從事衍生性金融商品交易管理辦法第二條第三款第二目以外之保險負債部位所辦理之衍生性金融商品交易，應檢送保險業從事衍生性金融商品交易管理辦法第三條第一項所列文件及避險計畫書向主管機關申請核准後始得辦理。
避險計畫書有修正時，應檢送前述文件報主管機關備查。
第一項國際保險業務分公司資金運用，除經主管機關核准者外，不得為新臺幣匯率、新臺幣利率指標或新臺幣計價商品，且投資標的組合內容亦不得涉及新臺幣計價商品。
外國保險業之國際保險業務分公司資金運用，應與其在我國分公司合併計算，並依前三項規定辦理。
下列金額不計入保險業辦理國外投資總額之額度：（國際保險業務分公司之非投資型人身保險業務各種準備金加計其淨值）ｘ（1－保險業辦理國外投資管理辦法第十五條第四項經主管機關核定保險業國外投資之比例）。
第一項所稱同一人，指同一自然人或同一法人；同一關係人之範圍，包含本人、配偶、二親等以內之血親及以本人或配偶為負責人之事業；同一關係企業之範圍，適用公司法第三百六十九條之一至第三百六十九條之三、第三百六十九條之九及第三百六十九條之十一規定。
國際保險業務分公司依第一項對其負責人、職員或主要股東，或對與其負責人或辦理放款之職員有利害關係者，所為之放款，應有十足擔保，其條件不得優於其他同類放款對象，如放款達保險業利害關係人放款管理辦法所定主管機關規定金額以上者，除以各該保險業國際保險業務分公司所簽發外幣收付之人身保險單為質之放款外，應經三分之二以上董事之出席及出席董事四分之三以上同意。