Enforcement Rules for the Compulsory Automobile Liability Insurance Act Article 5

The basis for calculating unearned premium provided in Article 20, paragraph 5, and Article 21, paragraph 3 of this Act is as follows:1. If the policy period is less than one (1) year, the premium shall be calculated pro rata to the number of days to expiry in the given year and the entire period of the insurance using the original premium less both the insurer's business expenses and any expenses needed to ensure the soundness of this Insurance in the given year.2. If the policy period is one (1) year or more, the insurer shall return all premiums for the years not yet elapsed. The premiums for the insurance period of less than one year in the given year not yet elapsed shall be refunded in accordance with the preceding subparagraph.After the insurer refunds the unearned premium pursuant to the preceding paragraph, the insurer is entitled to claim for refund of amounts respectively allocated to the Property Insurance Stabilization Fund and the Motor Vehicle Accident Compensation Fund (hereinafter "Compensation Fund").The dollar amount in the preceding paragraphs shall be rounded to the nearest NT Dollar.