CDF announces on behalf of KGI Life Insurance of a penalty imposed by the Financial Supervisory Commission

2024-06-12
Announcements

Date of announcement 2024/06/12
Time of announcement 22:29:49
Date of events 2024/06/12
To which item it meets paragraph 26

1.Date of occurrence of the event:2024/06/12
2.The subject of the incident:report on behalf of subsidiaries:KGI Life
3.Cause of occurrence (Explanation of the event):KGI Life violated relevant provisions of the Personal Data Protection Act
and the Insurance Act while handling insurance business, and was fined by
the Financial Supervisory Commission.
4.Handling procedure:KGI Life will implement improvements according to the requirement of
the competent authority.
5.Status of the injunction by the respective competent authority:NTD 2.9 million.
6.Whether being fined or penalized:Yes
7.Administrative fines(amount):NTD 2,900,000 元
8.Anticipated possible loss or impact:NTD 2.9 million
9.Amount of insurance claims that might be obtained(amount):Not available
10.Improvement status and future countermeasures:KGI Life will implement improvements according to the requirement of
the competent authority.
11.Whether material information regarding the same event has been previously released:None
12.Any other matters that need to be specified:KGI Life was fined NTD 0.5 million according to the Personal Data
Protection Act and NTD 2.4 million according to the Insurance Act
respectively.