(1) The Agent Examination and Registration Committee
This Committee is responsible for overseeing the life insurance sales agents’ qualifying examinations, education, training and registration. This Committee is composed of representatives from academia, the life insurance industry, the Taiwan Insurance Broker Association, the Insurance Agency Association of the Republic of China and The Life Insurance Association of the Republic of China.
(2) The Agent Grievance Committee
This Committee is responsible for life insurance evaluation of agents’ conduct for de-registration and/or re-registration applications. Representation at this Committee is as follows: 2 representatives from Consumers, 2 representatives from the life insurance industry, 2 representatives from Agents, 3 representatives from academia.
(3) The Recognition of New-Type Life Insurance Products Committee
This Committee is responsible for accepting insurance company’s inquiring whether new products follows「New-Type Life Insurance Products Recognition Standard」and being classified as new-type products and providing the Authority advices whether life insurance products belong to New-Type products. Representation at this Committee is as follows: one representative from the Taiwan Insurance Institute, 3 insurance experts, 3 financial experts, one representative from the Life Insurance Association of the Republic of China.
(4) The Communication & Research Platforms Committee
This Committee is responsible for supervising and executing the operation of its communication and research platform, expanding participation in sturdy research and facilitate cooperation, in the hope of sufficiently wielding its strength, building a sound operating environment and continuing to enhance the industry’s competitiveness. This Committee is composed of 1 President, 1 Vice-Chairman, several members and 1 to 2 Executive Secretaries.
(5) Offshore-structured Products Exam Unit
To preserve fairness over offshore-structured products review procedure and to promote the review quality, the unit is made in accordance with Article 9 of “Regulations Governing the Review & Administration of Offshore Structured Products” to exam the offshore products targeted specially to non-professional investors for trust investment or sales. The exam unit consists of 10 personnel of supervisor-level staff from the Life Insurance Association of the Republic of China and experts and scholars equipped with expertise in financial engineering, law, and risk management.