Date of announcement 2024/12/23
Time of announcement 22:37:40
Date of events 2024/12/23
To which item it meets paragraph 26
1.Date of occurrence of the event:2024/12/23
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 Insurance Act while handling
solicitation and policyholder changing process, 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 1.8 million.
6.Whether being fined or penalized:Yes
7.Administrative fines(amount):NTD 1,800,000 元
8.Anticipated possible loss or impact:NTD 1.8 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:None