Taiwan Fire & Marine Insurance Co., Ltd. Explains Disposition for Violating Insurance Law
Taiwan Fire & Marine Insurance Co., Ltd. announced on April 16, 2026, that it was found to have violated relevant provisions of the Insurance Act during a general business inspection. The competent authority imposed a fine of NT$1.2 million and ordered rectification within one month. The company has implemented improvements as required and anticipates no significant loss or impact.
📋 Article Processing Timeline
- 📰 Published: April 16, 2026 at 09:00
- 🔍 Collected: April 17, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 17, 2026 at 08:23 (23 min after Collected)
1. Date of Occurrence: 2026/04/16
2. Subject of Occurrence: The Company
3. Reason for Occurrence (Event Description): The competent authority found deficiencies during a general business inspection of the Company, which constituted a violation of relevant provisions of the Insurance Act.
4. Handling Process: Proposed a control mechanism that complies with the principle of internal checks and balances for the identified deficiencies.
5. Disposition: Fined NT$1.2 million and ordered to rectify within 1 month.
6. Whether a fine was imposed: Yes
7. Amount of Fine (NTD): NT$1,200,000
8. Estimated Possible Loss or Impact: None
9. Possible Amount of Insurance Claim (NTD): Not applicable
10. Improvement Status and Future Response Measures: Improvements have been made in accordance with the FSC's disposition.
11. Whether a material information announcement for the same event was previously issued: No
12. Other Matters to be Stated: None
2. Subject of Occurrence: The Company
3. Reason for Occurrence (Event Description): The competent authority found deficiencies during a general business inspection of the Company, which constituted a violation of relevant provisions of the Insurance Act.
4. Handling Process: Proposed a control mechanism that complies with the principle of internal checks and balances for the identified deficiencies.
5. Disposition: Fined NT$1.2 million and ordered to rectify within 1 month.
6. Whether a fine was imposed: Yes
7. Amount of Fine (NTD): NT$1,200,000
8. Estimated Possible Loss or Impact: None
9. Possible Amount of Insurance Claim (NTD): Not applicable
10. Improvement Status and Future Response Measures: Improvements have been made in accordance with the FSC's disposition.
11. Whether a material information announcement for the same event was previously issued: No
12. Other Matters to be Stated: None