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Taiwan Quick Take: Coverage may be amended

The Cabinet yesterday approved an amendment to the Labor Insurance Act (勞工保險條例) designed to provide greater insurance coverage for workers. Currently, the owner of a company with less than four employees is not required to insure his or her employees. Also, those employees who are more than 60 years old do not have to be insured. The proposed amendment would require all workers to be insured, no matter what size a company may be. In addition, it would raise the maximum age for mandatory insurance coverage from 60 to 65.

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