collapse of life insurance companies

life insurance syndicate

investment of life insurance fund

life insurance company purchase

Also, nearly bankrupt pension funds can be found all over Japan and the number of life insurance companies on which there may be runs already reaches 5 or 6.〔【出典】Hiragana Times, 1997年5月号◆【出版社】株式会社ヤック企画 〕"HT127014", "2241245"

In times like these when big banks and life insurance companies sometimes go bankrupt, there is only one absolutely safe place to put your money: the piggy bank.

The amendment proposed by the Financial Services Agency was intended to enable those life insurers expected to face difficulties continuing their operations to reduce the yields they promised policyholders.〔【出典】日英新聞記事対応付けデータ（独立行政法人情報通信研究機構）〕

（1） The term "offenders rehabilitation services" as used in this Act means residential shelter aid services, temporary aid services, and coordination and promotion services.〔【出典】日本法令外国語訳データベースシステム 〕

（1） When the petition for special pardon, commutation of sentence, remission of execution of sentence or restoration of rights is found to be without justification, the National Offenders Rehabilitation Commission shall issue notice to that effect to the person who submitted the petition.〔【出典】日本法令外国語訳データベースシステム 〕

（1） With regard to the persons prescribed in paragraph （1） of the preceding Article, a public prosecutor of the public prosecutors office corresponding to the district court which has jurisdiction over the area where the legal domicile or place of residence in Japan of such person is located, may, for the time being, notwithstanding the provisions of paragraph （1） of Article 3, petition the National Offenders Rehabilitation Commission, ex officio, for the restoration of rights.〔【出典】日本法令外国語訳データベースシステム 〕

（1） Taking the view that offenders rehabilitation services are to fulfill an important role in the smooth and effective enforcement of probation and parole supervision, the aftercare of discharged offenders and other rehabilitative services which are to be rendered on the government's own responsibility, the national government shall take measures to ensure the adequate operation of offenders rehabilitation services and to promote their sound growth and development.〔【出典】日本法令外国語訳データベースシステム 〕

（1） The local government may operate offenders rehabilitation services.〔【出典】日本法令外国語訳データベースシステム 〕

（1） When a person which is operating or going to operate offenders rehabilitation services intends to raise contributions to obtain the funds necessary for the operation of its services, it shall submit a document clarifying the period, the area, the method of raising funds and the use of contributions to the Minister of Justice pursuant to the provisions of a Ministry of Justice ordinance at least one month before the beginning of raising such contributions and obtain his/her permission.〔【出典】日本法令外国語訳データベースシステム 〕

（1） In cases where a juridical person for offenders rehabilitation service is unable to pay its debts in full out of its property, the court shall, at the application of any president or any obligee or by exercising its authority, render a ruling to commence bankruptcy procedures.〔【出典】日本法令外国語訳データベースシステム 〕

（1） The merger of the juridical person for offenders rehabilitation shall be preceded by the consent of two thirds or more of the directors, and in addition, by the resolution of the Board of Councillors when such resolution is required by the articles of incorporation.〔【出典】日本法令外国語訳データベースシステム 〕

（1） The juridical person for offenders rehabilitation may have a Board of Councillors.〔【出典】日本法令外国語訳データベースシステム 〕

（1） The juridical person for offenders rehabilitation shall appoint five or more directors and two or more auditors as its officers.〔【出典】日本法令外国語訳データベースシステム 〕

（1） The dissolution and liquidation of a juridical person for offender rehabilitation shall be subject to the supervision of the court.〔【出典】日本法令外国語訳データベースシステム 〕

（1） When the approval of paragraph 2 of the preceding Article has been granted, the juridical person for offenders rehabilitation shall, within two weeks from the date of approval, make an inventory of assets and a balance sheet pursuant to the Ministry of Justice ordinance and keep them in the principal office.〔【出典】日本法令外国語訳データベースシステム 〕

（1） The juridical person for offenders rehabilitation shall be registered pursuant to the provisions of a Cabinet Order.〔【出典】日本法令外国語訳データベースシステム 〕

（1） The juridical person for offenders rehabilitation shall, pursuant to a Ministry of Justice ordinance, make a work account report, an inventory of property, a balance sheet and a settlement account （a statement of profit and loss, in the case of a profit-making enterprise） within two months after the end of each fiscal year and keep them in the principal office.〔【出典】日本法令外国語訳データベースシステム 〕

（1） The Minister of Justice may, within the limits necessary for enforcement of this Act, require a juridical person for offenders rehabilitation to report on the state of its services or properties, or send an official to enter the office or other institutions of the juridical person for offenders rehabilitation and inspect the state of its services or properties, books, documents or other items.〔【出典】日本法令外国語訳データベースシステム 〕

（1） When the Minister of Justice finds that a juridical person for offenders rehabilitation has violated laws and regulations or a decision of the administrative agency rendered pursuant to laws and regulations or the articles of incorporation, or operation thereof is seriously inappropriate, he/she may order the juridical person for offenders rehabilitation to take necessary measures within a period which the Minister of Justice shall specify.〔【出典】日本法令外国語訳データベースシステム 〕

（1） When it has become apparent during the liquidation procedure that the properties of the relevant juridical person are not sufficient to fully pay its debts, the liquidator shall immediately file a petition for the commencement of bankruptcy procedures and give public notice of such fact.〔【出典】日本法令外国語訳データベースシステム 〕

（1） The president shall represent the juridical person for offenders rehabilitation and preside over its business.〔【出典】日本法令外国語訳データベースシステム 〕

（1） The court may elect an inspector in order to have the inspector conduct necessary investigation for the supervision of dissolution and liquidation of a juridical person for offenders rehabilitation.〔【出典】日本法令外国語訳データベースシステム 〕

（1） Except for cases of merger and bankruptcy, the residual assets of the dissolved juridical person for offenders rehabilitation shall, when the completion of liquidation has been notified to the Minister of Justice, belong to the person designated by the articles of incorporation as such.〔【出典】日本法令外国語訳データベースシステム 〕

（2） The preceding paragraph shall apply also when an executing officer such as the representative person or the other services operator （including the person stipulated as the representative person or administrator of the organization that is not a juristic person） has intended to gain a personal profit unjustly by operating the offenders rehabilitation services.〔【出典】日本法令外国語訳データベースシステム 〕

（2） Based on medicine, psychology, pedagogy, sociology and other expert knowledge relating to rehabilitation, probation officers shall engage in the work of probation, research, coordination of the social circumstances and other work relating to the rehabilitation of persons who have committed crimes and juvenile delinquents, and the prevention of crime.〔【出典】日本法令外国語訳データベースシステム 〕

（2） When a creditor has stated an objection, the juridical person for offenders rehabilitation shall repay it or give an appropriate security or entrust appropriate property to a trust company or a bank operating trust businesses for the purpose of repaying the creditor; except that this shall not apply when the merger is unlikely to harm the creditor.〔【出典】日本法令外国語訳データベースシステム 〕

（2） The accountings of public benefit services or profit-making enterprises shall be separated, respectively, from the accounting of offenders rehabilitation services operated by the juridical person for offenders rehabilitation and shall be kept as a special accounting.〔【出典】日本法令外国語訳データベースシステム 〕

（2） When an application has been filed by any of the persons prescribed in paragraph （1） of the preceding Article, the public prosecutor prescribed in the preceding paragraph shall, for the time being, notwithstanding the provisions of paragraph （2） of Article 3, petition the National Offenders Rehabilitation Commission, attaching his/her opinion thereto.〔【出典】日本法令外国語訳データベースシステム 〕

（2） When any of the persons prescribed in the preceding paragraph has applied for a special pardon, commutation of sentence or remission of execution of sentence, the public prosecutor prescribed in the preceding paragraph shall, for the time being, notwithstanding the provisions of paragraph （2） of Article 1-2, petition the National Offenders Rehabilitation Commission, attaching his/her opinion thereto.〔【出典】日本法令外国語訳データベースシステム 〕

（2） The guidance and assistance set forth in the preceding paragraph may be conducted through commission to persons running rehabilitation services or other suitable persons pursuant to the provisions of the Offenders Rehabilitation Services Act （Act No. 86 of 1995）, if it is considered effective and suitable for ensuring the improvement and rehabilitation of the probationers and parolees.〔【出典】日本法令外国語訳データベースシステム 〕

（2） The chief probation officer or the public prosecutor given in each of the above items of the preceding paragraph shall, when the person in question has filed an application for restoration of rights, submit a petition to the National Offenders Rehabilitation Commission, attaching his/her opinion thereto.〔【出典】日本法令外国語訳データベースシステム 〕

（2） The warden of the penal institution, chief probation officer or public prosecutor given in each of the items of the preceding paragraph shall, when the person in question has filed an application for special pardon, commutation of sentence or remission of execution of sentence, submit a petition in that regard to the National Offenders Rehabilitation Commission, attaching his/her opinion thereto.〔【出典】日本法令外国語訳データベースシステム 〕

（2） Taking the view that offenders rehabilitation services are to help the rehabilitation of offenders and, thereby contribute to the prevention of crime and the advancement of the safety of the community and the welfare of citizens, the local government may render necessary cooperation to offenders rehabilitation services within its locality.〔【出典】日本法令外国語訳データベースシステム 〕

（2） The national government shall, approximately five years after the enforcement of this Act, review the trends in crime and other circumstances related to offenders rehabilitation services, the state of enforcement of this Act and other aspects, shall make an assessment of the provisions of this Act from the viewpoint of facilitating smooth and adequate operation and the sound promotion and development of offenders rehabilitation services and shall take necessary measures based on the results thereof.〔【出典】日本法令外国語訳データベースシステム 〕

（2） When the juridical person for offenders rehabilitation does not abide by the order prescribed in the preceding paragraph, the Minister of Justice may order the juridical person for offenders rehabilitation to suspend its services wholly or partially for a period which he/she shall specify, or shall recommend the removal of an officer.〔【出典】日本法令外国語訳データベースシステム 〕

（2） The court supervising the dissolution and liquidation of the juridical person for offender rehabilitation services may seek opinions or commission an investigation to the government agency supervising the business of the juridical person for offender rehabilitation services.〔【出典】日本法令外国語訳データベースシステム 〕

（2） The juridical person for offenders rehabilitation shall give public notice to the creditors within the period specified set forth in the preceding paragraph that if they have any objection to the merger they should so state within a specified period and shall notify each creditor individually when the creditors are known. In this case, the period shall not be less than two months.〔【出典】日本法令外国語訳データベースシステム 〕

（2） The provisions in the preceding paragraph shall apply when any approved services operator, except for the juridical person for offenders rehabilitation, has intended to gain profits unjustly in relation to the offenders rehabilitation services.〔【出典】日本法令外国語訳データベースシステム 〕

（2） The Minister of Justice may entrust the power for delegation set forth in the preceding paragraph to the chairperson of the regional parole board.〔【出典】日本法令外国語訳データベースシステム 〕

（2） In cases where any juridical person for offenders rehabilitation under the liquidation procedure has become subject to the ruling of the commencement of bankruptcy procedures, if the administration of the relevant procedure has been transferred to the bankruptcy trustee, it is deemed that the liquidator has terminated his/her duties.〔【出典】日本法令外国語訳データベースシステム 〕

（2） The director shall, pursuant to the articles of incorporation, assist the president in the management of the business of the juridical person for offenders rehabilitation, represent the president when circumstances obstruct him/her from performing his/her duties, and perform the same when the position of president is vacant.〔【出典】日本法令外国語訳データベースシステム 〕

（3） In the case prescribed in the preceding paragraph, if the juridical person for offender rehabilitation under the liquidation procedure has already paid any money to the creditors, or has delivered any assets to the person with vested rights, the bankruptcy trustee may retrieve such money or assets.〔【出典】日本法令外国語訳データベースシステム 〕

（3） The aid set forth in the preceding paragraph may be performed through commission to persons running rehabilitation services or other suitable persons pursuant to the provisions of the Offenders Rehabilitation Services Act.〔【出典】日本法令外国語訳データベースシステム 〕

（3） Any person who operates offenders rehabilitation services shall, in rendering services, pay due regard to the human rights of the aided person, maintain functional coordination with the rehabilitation measures of the national government and with other related policies such as social welfare, medical treatment, health and labor, implement creative steps and devices suited to the community and make efforts to obtain the understanding and cooperation of local residents.〔【出典】日本法令外国語訳データベースシステム 〕

（3） The court that supervises the dissolution and liquidation of a juridical person for offender rehabilitation may seek an opinion from the government agency that supervises the juridical person for offender rehabilitation or entrust the investigation to the same.〔【出典】日本法令外国語訳データベースシステム 〕