The FSC published a ruling on March 6, 2015, amending the Ruling Governing Real Estate Investment  and Income of Insurance Companies: (1) adding exceptions to the rule that prohibits insurance companies from disposing of any real estate within 5 years of acquisition; (2) requiring an insurance company to provide report to its board and to propose improvement plan where the returns on its real estate holdings fail to reach the legally required threshold; (3) loosening restrictions  on investing in undeveloped land.