Regulations Governing Permission of Insurance Business Transactions and Investment Between the Taiwan Area and the Mainland Area Article 42

A Mainland-area insurance enterprise or Mainland-funded insurance enterprise intending to make equity investment under these Regulations shall submit the following documents to the Competent Authority for approval:1. An application form;2. An investment plan, including the strategic objectives and method of investment, expected benefits, sources of funds and fund utilization plan;3. Basic information of the investor;4. The credit rating of the investor in the year prior to application given by a credit rating agency sanctioned by the Competent Authority;5. Documents describing sources of funds, regulatory compliance, financial integrity, and past investment experience;6. Minutes of the board resolution approving the filing of an application to invest in Taiwan Area;7. A document issued by the insurance authority at the place of registration approving the equity investment in Taiwan Area; and8. Such other information or documents as may be required by the Competent Authority. Documents mentioned in subparagraphs 5 and 6 in the preceding paragraph shall be certified by a notary public or a notarization institution at the enterprise’s place of registration. In addition, documents produced in a third area must be authenticated by an Overseas Mission; documents produced in Mainland Area must be authenticated or verified by a institution set up or designated, or by a private organization entrusted by the Executive Yuan.All documents referred to in paragraph 1 hereof must be attached with a traditional Chinese counterpart.