Regulations Governing Permission of Insurance Business Transactions and Investment Between the Taiwan Area and the Mainland Area Article 8

With respect to the application made by a Taiwan-area insurance enterprise, insurance agent company, insurance broker company, or insurance surveyor company, or a Mainland-area insurance enterprise, or Mainland-funded insurance enterprise under these Regulations, if there are indications that the activities applied for are likely to adversely affect the sound business management of the applicant or fail to meet the requirements for financial supervision, the Competent Authority may disapprove the application, or annul the approval if an application has been approved.Where an application mentioned in the preceding paragraph or the application item or the documentation submitted thereof is found to contain false representation after an approval is granted, the Competent Authority may revoke the approval.
中文原文 臺灣地區與大陸地區保險業務往來及投資許可管理辦法第8條
臺灣地區保險業、保險代理人公司、保險經紀人公司、保險公證人公司、大陸地區保險業及陸資保險業為本辦法之申請,其有事實顯示有礙健全經營業務之虞或未能符合保險監理之要求,主管機關得不予許可;已許可者,得廢止之。
前項之申請,經許可後如發現其申請或申報事項或檢附之文件有虛偽不實者,主管機關得撤銷之。

English translation for reference only; the Chinese text prevails. Not legal advice.