Article Content

  Chapter 2 Occupational Accident Insurance

   Section 5 Insurance Fund and Source

Article 59
The source of the Insurance Fund is as follows:
1.Lump sum remittance of occupational accident insurance fund under labor insurance at the time of establishment.
2.Lump sum remittance from occupational accident worker protection special fund at the time of establishment.
3.Balance amount of insurance premium, accrued income and expenditure of insurance benefit.
4.Insurance premium delay penalty and amount paid in accordance with the first paragraph of Article 36.
5.Proceeds from the utilization of the fund.
6.Penalty income under Article 101.
Article 60
The Insurance Fund may be utilized as follows:
1.Investment in domestic debt securities.
2.Deposit with domestic financial institutions and investment in short-term bills.
3.Other investment approved by the central competent authority that is favorable to the proceeds of the Insurance Fund.
The Bureau of Labor Funds, Ministry of Labor shall submit to the insurer the status of utilization and the accrued amount of the Insurance Fund every year, which shall be reported to the central competent authority for publication.
Article 61
In addition to the expenditure of insurance benefit under Chapter 2, budget prepared under Article 62, expenditure of insurance benefit, allowance and subsidy under Chapters 4 and 6, the cost required for review and approval of insurance benefit and utilization under the previous article, the Insurance Fund shall not be used for any other purpose or disposition.