(1) Reasons for Proposal
Taking follow-up measures for the Establishment Plan for Fair Damage Adjustment Order (Dec. 2018), the Reform Plan for Restrictions on Entry into the Financial Business (May 2018), and the Activation Plan for Debt Adjustment for Housing Mortgage Loans (Dec. 2018) and improving text errors.

(2) Major Provisions
A. Following the Establishment Plan for Fair Damage Adjustment Order (Article 9-16 and Article 9-20)
Request insurance companies to decide whether to agree to a policyholder’s appointment of an independent damage evaluator and to establish detailed reasonable criteria for the entrustment of damage evaluating business

B. Following the Reform Plan for Restrictions on Entry into the Financial Business (Article 10-4, Table 1, and Table 4)
Introduce the interim inspection system of license review, specify the detailed requirements of the business plan when licensing an insurance business, and improve the financial soundness requirements of large shareholders

C. Following the Activation Plan for Debt Adjustment for Housing Mortgage Loans (Table 13)
Upgrade the adjustment standard for asset soundness classification of debt-adjusted loans to the Regulations on Supervision, and when housing mortgage loans under debt adjustment are normally repaid for one year, they shall be reclassified as normal loans