Reported about 1 year ago
The Financial Supervisory Commission (FSC) in Taiwan has set its sights on insurance companies collaborating with banks for activities beyond their contracts, especially regarding incentives for specific insurance policies provided by certain banks. The FSC has warned insurance companies against conducting any activities such as client seminars, appreciation events, and overseas workshops outside the agreed-upon contracts. Companies found violating these terms may face penalties, including fines and disciplinary action for executives and managers.
Source: YAHOO