Even if the New Taiwan Dollar breaks through 30, life insurance companies claim that the capital adequacy ratio can still meet statutory standards.
The Taipei Economic Daily did not cite its sources in reporting that Taiwan's three major life insurance companies have informed financial regulatory authorities that after the appreciation of the New Taiwan dollar, their capital adequacy ratios are still within statutory standards. Cathay Life Insurance, Fubon Life Insurance, and Nan Shan Life Insurance have all stated to the Financial Supervisory Commission that even if the exchange rate of the New Taiwan dollar against the US dollar breaks through 30, their net worth and capital adequacy ratios will still be able to be maintained within statutory standards.
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