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Tag Archives: Insurance

WP recommended by the Legal 500

Six of Winkler Partners’ practice areas have been recommended by The Legal 500 as part of their research into legal service providers in the Asia Pacific region for 2018. For the first time, our employment practice was ranked in the first tier with Partner Christine Chen also listed as a Leading Individual. The Legal 500 [...]

WP recommended by The Legal 500

Five of Winkler Partners’ practice areas have been recommended by The Legal 500 as part of their research into legal service providers in the Asia Pacific region. Our insurance practice, led by partner Chen Hui-ling was ranked in the top tier for the fifth consecutive year, and noted for a particular strength in D&O insurance. [...]

WP ranked as top-tier insurance firm by The Legal 500

For a third consecutive year, The Legal 500 Asia Pacific has ranked Winkler Partners’ practice a top tier firm for insurance. Led by partner Chen Hui-ling, our insurance practice focuses on reinsurance, D&O insurance, and dispute resolution with specialized expertise in arbitration. The Legal 500 also states that D&O insurance is a particular strength, and [...]

Winkler Partners ranked in Chambers Asia Pacific Guide (2014)

Winkler Partners has been ranked in Chambers Asia Pacific Guide (2014) for its insurance, intellectual property, and employment practices.  The guide notes Winkler Partners’ focus on intellectual property work related to Taiwan’s technology industry in its overview of the Taiwan legal services market. Partner Chen Hui-ling is recognized as a noted practitioner for her insurance [...]

Taiwan Financial Ombudsman Institution in 2012

Taiwan’s Financial Ombudsman Institution (FOI) is reporting that it received 4,739 complaints from investors against financial institutions in 2012 and 2,846 applications for decisions in its first full year of operations. The FOI was established under the Financial Consumer Protection Act (FCPA) as a public-interest foundation whose mission is to resolve disputes between financial consumers and financial [...]

Taiwan FSC: Unapproved Financial Products May Not be Marketed in Taiwan

Taiwan’s Insurance Bureau recently issued a circular to leading insurance industry groups reiterating that  insurance companies and their salespeople are not allowed to solicit or recommend foreign financial products including viatical settlements unless expressly approved by the Financial Supervisory Commission. According to the circular, if insurers are found selling unapproved financial products,  they will face [...]

Taiwan’s Financial Ombudsman Institution

Taiwan’s Financial Consumer Protection Act (FCPA) came into force on 30 December 2011. Background The Financial Ombudsman Institution (FOI) was established under the Act as a public-interest foundation whose mission is to resolve disputes between financial consumers and financial service providers including banks, securities firms, and insurers. The FOI’s board members are appointed by the [...]

Regulations Governing Taiwanese Insurance Brokers Updated

The Insurance Bureau has updated its Regulations Governing Insurance Brokers to reflect amendments to the Insurance Act. Insurance brokers are now required to carry professional liability insurance and bonding insurance (similar to a surety bond) as well as a bond. Previously brokers were required to carry either insurance or post a bond. The separate bonds [...]

Internal Controls Required at Taiwanese Insurance Intermediaries

The Financial Supervisory Commission recently approved new internal control measures for insurance intermediaries under authority delegated to it by Article 165(3) of the Insurance Act (2011). Previously the Insurance Act required insurers to establish internal controls but not brokers and agents. The Legislature closed this lacuna in June 2011 when it extensively amended the Act. [...]

Corporate Indemnification, Insurance, and Civil Law Mandates in Taiwan

The term “corporate indemnification,” conspicuously absent from Taiwan’s laws, is a term imported from the English-speaking common law countries, where it has a long history. Nonetheless, directors and officers (D&O) liability insurance policies typically provide corporate indemnification cover. Chen Hui-ling explains in “Corporate Indemnification, Insurance, and Civil Law Mandates in Taiwan” how relations of mandate [...]

 

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