Article 1
These regulations are stipulated in accordance with the provision of Paragraph 2 of Article 38 of the Compulsory Automobile Liability Insurance Act (hereinafter referred to as "this Act").

Article 2
The administration of the Non-Profit Motor Vehicle Accident Compensation Fund (hereinafter referred to as "this Fund") shall be subject to the provisions of these regulations, except for otherwise provided by laws.

Article 3
When this Fund accepts a compensation claim by the claimant of an automobile traffic accident pursuant to Paragraph 3 of Article 11, Article 36 or Article 40, it shall make a detailed investigation and verification and pay the compensation if it meets the legal requirements.

Article 4
In cases of acceptance of compensation claim, investigation, verification and payment, as well as claim settlement, compromise, conciliation, arbitration, litigation and any other relevant operation, this Fund shall find competent persons with profession to deal with it; if necessary, this Fund may entrust the insurer engaging the compulsory automobile liability insurance or any other appropriate institutions.

Article 5
This Fund can not engage in the business beyond the business scope provided in this Act and the Donation Article of this Fund.

Article 6
When this Fund pays a compensation claim pursuant to Paragraph 3 of Article 11, Article 36 or Article 40, in addition to a legitimate receipt, the claimant shall submit a written consent in promise to assist in investigation of the automobile traffic accident and to transfer the claimant's right against the one liable for the damages.

Article 7
Except for the needs in business operation, this Fund may utilize its funds only for the following:
1. NT Dollar or foreign currency on deposit in domestic banks. The foreign currency deposits limits and requirements shall be approved by the Financial Supervisory Commission (hereinafter referred to as "the FSC").
2. Government bonds and treasury bills, financial bonds, negotiable certificates of deposit, banker’s acceptances, commercial promissory notes guaranteed by the financial institution.
3. Publicly issued corporate bonds guaranteed by the financial institution or assessed by credit rating agencies at no lower than a specified rating; the limits and requirements shall be approved by the FSC.
4. Publicly listed exchange-traded funds, bond funds, and publicly listed corporate stocks; the limits and requirements shall be approved by the FSC.
5. Purchases of personal property and real estate for business operation.
6. Any items authorized by the FSC.
If the government bonds invested subject to subparagraph 2 of the preceding paragraph is a convertible bond, the subject to convert into shall be only in publicly listed corporate stocks. After conversion, the value shall be counted in the limit of subparagraph 4 of the preceding paragraph.
If the publicly issued corporate bonds invested subject to subparagraph 3 of the preceding paragraph is a convertible bond or an exchangeable bond, the subject to convert or exchange into shall be only in publicly listed corporate stocks. After conversion or exchange, the value shall be counted in the limit of subparagraph 4 of the preceding paragraph.

Article 8
In the end of each fiscal year, the balance of the collected income required by law, deducted by operation expenditure and necessary operation fund of the same year, shall be completely transferred into the account of aggregate revenue and deficit of the fund.

Article 9
This Fund shall follow the rule required by the FSC and periodically report its financial and operation condition to the FSC or its appointed institutions.

Article 10
This Fund shall prepare an annual budget report and business plan within two months after the commencement of each fiscal year; submit a final report and business report of the previous fiscal year within three months after the end of each fiscal year to the FSC for reference.
The budget report and final report referred to in the preceding paragraph shall include balance sheet, statement of balance in income and expenditure, statement of cash flow, statement of changes in net value and related tables.

Article 11
The annual final report of this Fund shall be audited and certified by the accountant in the business of auditing and certification of financial reports of public companies and the audit report shall be sent to the FSC for reference.

Article 12
The FSC may at all times send its staffs along or together with the staffs assigned by the Ministry of Transportation and Communications, or may assign a certified public accountant to audit the operation and financial condition of this Fund.

Article 13
The FSC may make a correction and order this Fund to remedy any violation of the following within a designated period:
1.Non compliance with the business plan in operation or violation of Article 5.
2.Illegal and inappropriate resolution of its Board of Directors.
3.Non compliance with laws and regulations in business operation.
4.Lack of legitimate certificates or complete accounting record for income and expenditure.
5.Misrepresentation in the financial or operation reports.
6.Violation of these Regulations, the Donation Article of this Fund or any other laws or regulations.
The FSC may continuously order the Fund to remedy the violation and undertake the measures subject to Articles 33 and 64 of the Civil Code and any other laws and regulations if this Fund receives the order as provided in the preceding subparagraph but the violation not been remedied.

Article 14
These Regulations shall be implemented from the day of announcement.