News Regulations29 Aug 2019

Taiwan:Farglory Life Insurance fined once again

Taiwan's Financial Supervisory Commission (FSC) has imposed a fine of NT$1m ($31,795) on Farglory Life Insurance for violating regulatory requirements recently, revealed a monthly publication from the Taiwan regulator. This comes just a year after it was fined NT$14.4m, the steepest fine ever imposed on a life insurer, in April 2018 due to a major corporate breach.

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