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Important Measures(1090928關閉)

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FSC amends Articles 6, 7, and 18 of the “Regulations Governing Business Solicitation, Policy Underwriting and Claim Adjusting of Insurance Enterprises” and Point 6 of the “Directions for Sale of Investment-linked Insurance Products”

To strengthen control of the sale of investment-linked insurance products to elderly customers, and safeguard the rights and interests of such customers, the FSC on 28 August 2020 amended Articles 6, 7, and 18 of the “Regulations Governing Business Solicitation, Policy Underwriting and Claim Adjusting of Insurance Enterprises” and Point 6 of the “Directions for Sale of Investment-linked Insurance Products.” Prior to the amendments, insurers were required to make audio or video recordings of the process when selling investment-linked insurance products to persons aged 70 years or older, but this threshold has now been lowered to 65 years of age. The amendments will enter into force from 1 October 2020.
 
Visitor: 511   Update: 2020-10-14
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