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Organization & Structure
Home > About Us > Organization & Structure

Organization
The Fund has a Board of Directors composed of a minimum of thirteen and a maximum of seventeen members. The board elects one of its members to be the chairman. The chairman presides over the board meetings internally and represents the Fund externally.
The president of the Fund manages the entire operation of the Fund with the assistance from two vice presidents. There are three departments: Finance Department, Business Department and Administration Department. The three departments promote and carry out the Fund’s business. Furthermore, to actively develop its business, the Fund has established three committees based on actual needs.
1.
Finance Advisory Committee
  The Committee is composed of financial experts, scholars and practitioners. The Committee holds regular and ad hoc seminars and provides professional information and advice to help the insurance industry understand the latest financial trends, gain insight to the changes of the business environment and manage risks.
2.
Non-Life Insurance Early Warning System Committee
  The Committee is composed of insurance experts, scholars and practitioners to assist the Fund in researching or amending the non-life insurance early warning system. The committee holds regular or ad hoc meetings.
3.
Life Insurance Early Warning System Committee
  The Committee is composed of insurance experts, scholars and practitioners to assist the Fund in researching or amending the life insurance early warning system. The committee holds regular or ad hoc meetings.

Organizational Structure



Duties and Responsibilities of Departments
Finance Department :
  • Collections, payments, custody and uses of funds.
  • Property custody and other accounting related matters.
Business Department :
  • Businesses related to Article 143-1 and the first paragraph of Article 143-3 of the  Insurance Act.
  • Researching and planning on exit mechanism of the insurance industry.
  • Collection, classification, analysis, tracking and control of information obtained from  the insurance industry.
Administration Department :
  • Legal affairs.
  • Information technology.
  • Clerical, cashier, purchasing, personnel, and other general affairs.



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