Laws regulations
Insurance related laws applied to insurance industry mainly consist of two parts: Insurance Business Act and Commercial Act (Insurance Contract Law).
The matters delegated by the「Insurance Business Act」are presented in detail on subordinate statutes as follows :
- 「Enforcement decree of the Insurance Business Act」
- 「Enforcement Rules of the Insurance Business Act」
- 「Regulation on Supervision of Insurance Business」
- 「Detailed Regulations on Supervision of Insurance Business」
Insurance Business Act GO
This act prescribes administrative regulations on private insurance and contributes to the sound management of insurance business operators
by prescribing matters on incorporation of a insurance company, solicitation, asset management, supervision, insurance associations, etc.
Enforcement decree of the Insurance Business ActGO
TThis Decree provides for matters delegated by the「Insurance Business Act」.
Enforcement Rule of the Insurance Business Act GO
This Rule regulates matters delegated by「the Insurance Business Act」and 「Enforcement decree of the Insurance Business Act」.
Regulation on Supervision of Insurance Business
GO
This Regulation prescribes matters delegated to the Financial Services Commission(FSC) in accordance with Insurance Business Act」,
「Enforcement decree of the Insurance Business Act」,「Enforcement decree of the Insurance Business Act」.
Detailed Regulation on Supervision of Insurance Business
GO
This Detailed Regulation provides for matters necessary for thesupervision of insurance business under the jurisdiction of the Governor of the
Financial Supervisory Service (FSS) pursuant to「Regulation on Supervision of Insurance Business」
Commercial Act (Insurance Contract Law)
GO
This Rule regulates matters delegated by「the Insurance Business Act」and 「Enforcement decree of the Insurance Business Act」.