Regulations Governing Online Insurance Business and Online Insurance Services of Insurance Agent Companies and Insurance Broker Companies｜第 2 條｜保險｜Regulation｜In Force
金融監督管理委員會｜v1.0
Effective Date: 2027-01-01｜Last Amended: 2025-09-25
The terms used in these Regulations are defined as follows: 1.“Insurance agent/broker company” means a company operating insurance agent or broker business in the capacity of a corporate organization or a bank engaging concurrently in insurance agent or broker business with approval from the competent authority. 2.“Online insurance business” means the business entailing a natural person applicant enters or negotiates an insurance contract with an insurance company via the Internet through an insurance agent/broker company after completing the first-time registration and identity verification process. 3.“Online insurance services” means insurance services of an insurance company other than purchasing insurance online received by existing customers of an insurance agent/broker company via the Internet through the agent/broker company which is linked up with the system of the insurance company after the customer has completed the registration and identity verification process. 4. “Major sanctions and penalties” means major sanctions and penalties specified in Article 2 of the Regulations Governing Public Disclosure by the Financial Supervisory Commission of Material Enforcement Actions for Violations of Financial Legislation.