Regulations Governing Offshore Insurance Branches Article 5

An offshore insurance branch shall, within 3 months after the end of each fiscal year, file with the competent authority the balance sheet and the statement of comprehensive income audited and certified by certified public accountants (CPAs), and shall, within 2 months after the end of each fiscal half year, file with the competent authority its CPA-audited and certified balance sheet and statement of comprehensive income. An offshore insurance branch shall also, within 45 days after the end of the first and third quarters of each fiscal year, file with the competent authority its CPA-reviewed balance sheet and statement of comprehensive income.An offshore insurance branch shall, within 10 days after the end of each quarter and each month, file with the CBC respectively the quarterly and monthly business and finance related reports for record. If, owing to insufficient time in operation, an offshore insurance branch is unable to meet the deadline by filing such reports within 10 days after the end of each quarter or each month, the deadline may be extended to within 15 days after the end of each quarter or each month.The statements to be filed pursuant to Paragraph 1 hereof shall be prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Insurance Enterprises.The format, content, and filing method of the reports to be filed pursuant to Paragraph 2 hereof will be prescribed separately by the CBC.