Reported 8 months ago
The Financial Supervisory Commission (FSC) of Taiwan has announced new insurance regulations impacting policyholders' rights, including requirements for genuine medical claims, differentiating disability insurance between accidents and illnesses, restrictions on using high dividends as a sales pitch, and potential price reductions for travel insurance purchased abroad. Insurers are advocating for a buffer period to adjust to the changes, with the earliest implementation expected in September. The FSC aims to prevent abuse of medical insurance claims and enhance transparency in dividend policies in the insurance sector.
Source: YAHOO