萬國法律事務所

Taiwan’s Financial Supervisory Commission has announced proposed regulations to govern investment in vacant lands by life insurance companies. The proposed regulation will require life insurance companies to complete the development of the vacant lands and to have immediate revenues within six months of the investment. In order to prevent such companies from acting in opportunistic ways, the use of lands as parking lots or places for advertisement will not qualify as receiving immediate revenues. Under the current regulations, life insurance companies only need to show revenues from real property within two years of the investments. Furthermore, the standard to regulate what counts as revenue is ambiguous. The proposed regulations aim to address this ambiguity.