Regulatory Alerts2026-07-09
Added
Advance Notice of Amendments to the Regulations Governing Insurance Brokers and Agents to Enhance Public Convenience in Purchasing Insurance, Promote International Insurance Business, and Protect Consumer Rights
The Financial Supervisory Commission (FSC) is proposing amendments to the Regulations Governing Insurance Brokers and Regulations Governing Insurance Agents to enhance public convenience in purchasing insurance, promote international insurance business, and protect consumer rights. These revisions include clarifying care call recipients, providing exemptions for recording and care calls for elderly clients and high-net-worth individuals under specific conditions, and explicitly permitting referral fees for international insurance business. The amendments also prohibit dual registration for personnel employed by broker/agent companies and strengthen provisions for the dismissal of responsible persons, with the FSC inviting public feedback within 60 days.