diff --git a/ga-common/src/main/resources/db/migration/V26__규제한도마스터.sql b/ga-common/src/main/resources/db/migration/V26__규제한도마스터.sql
new file mode 100644
index 0000000..46888bb
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+++ b/ga-common/src/main/resources/db/migration/V26__규제한도마스터.sql
@@ -0,0 +1,65 @@
+-- V26: 규제 한도 마스터 + 1200%룰 기본 데이터 (보험업감독규정 2024년 기준)
+
+-- ============================================================
+-- 1. regulatory_limit — 감독규정 한도 마스터 (개정 이력 추적)
+-- ============================================================
+
+CREATE TABLE regulatory_limit (
+    limit_id            BIGSERIAL       PRIMARY KEY,
+    limit_type          VARCHAR(30)     NOT NULL,
+    product_category    VARCHAR(30),                            -- NULL = ALL 상품 적용
+    limit_value         NUMERIC(10,2)   NOT NULL,
+    unit                VARCHAR(10)     NOT NULL,               -- PERCENT / YEAR
+    effective_from      DATE            NOT NULL,
+    effective_to        DATE,                                   -- NULL = 현재 유효
+    regulation_ref      VARCHAR(100),
+    description         VARCHAR(500),
+    is_active           BOOLEAN         NOT NULL DEFAULT TRUE,
+    created_at          TIMESTAMP       NOT NULL DEFAULT NOW(),
+    created_by          BIGINT,
+    updated_at          TIMESTAMP,
+    updated_by          BIGINT
+);
+
+CREATE INDEX idx_rl_type_category ON regulatory_limit(limit_type, product_category, effective_from DESC);
+CREATE INDEX idx_rl_active        ON regulatory_limit(is_active) WHERE is_active = TRUE;
+
+-- ============================================================
+-- 2. 기본 데이터 INSERT — 2024년 한국 보험업감독규정 표준
+-- ============================================================
+
+INSERT INTO regulatory_limit
+    (limit_type, product_category, limit_value, unit, effective_from, effective_to, regulation_ref, description)
+VALUES
+    ('TOTAL_RATIO',       NULL, 1200, 'PERCENT', '2024-01-01', NULL,
+     '보험업감독규정 제5-15조의5', '총 모집수수료 한도 — 첫 1년 영업보험료의 1200% 이내'),
+
+    ('FIRST_YEAR_RATIO',  NULL,   35, 'PERCENT', '2024-01-01', NULL,
+     '보험업감독규정 제5-15조의5', '1차년도 지급 한도'),
+
+    ('INSTALLMENT_YEARS', NULL,    7, 'YEAR',    '2024-01-01', NULL,
+     '보험업감독규정 제5-15조의5', '분급 연한');
+
+-- ============================================================
+-- 3. 공통코드 그룹
+-- ============================================================
+
+INSERT INTO common_code_group (group_code, group_name, description, is_system, sort_order) VALUES
+    ('LIMIT_TYPE',        '한도유형',     'TOTAL_RATIO/FIRST_YEAR_RATIO/INSTALLMENT_YEARS', 'Y', 250),
+    ('LIMIT_UNIT',        '한도단위',     'PERCENT/YEAR',                                   'Y', 260),
+    ('PRODUCT_CATEGORY',  '상품카테고리', 'ALL/LIFE/ANNUITY/SAVINGS/EXCLUDED_AUTO/EXCLUDED_HEALTH', 'Y', 270)
+ON CONFLICT (group_code) DO NOTHING;
+
+INSERT INTO common_code (group_code, code, code_name, code_desc, sort_order) VALUES
+    ('LIMIT_TYPE', 'TOTAL_RATIO',       '총한도비율',   '총 모집수수료 한도율 (1200%)',     10),
+    ('LIMIT_TYPE', 'FIRST_YEAR_RATIO',  '1차년도한도',  '1차년도 지급 한도율 (35%)',        20),
+    ('LIMIT_TYPE', 'INSTALLMENT_YEARS', '분급연한',     '수수료 분급 기간 (7년)',            30),
+    ('LIMIT_UNIT', 'PERCENT', '퍼센트', '%',   10),
+    ('LIMIT_UNIT', 'YEAR',    '년',     '연도', 20),
+    ('PRODUCT_CATEGORY', 'ALL',             '전체',         '모든 상품 공통 적용',           10),
+    ('PRODUCT_CATEGORY', 'LIFE',            '종신',         '종신보험',                      20),
+    ('PRODUCT_CATEGORY', 'ANNUITY',         '연금',         '연금보험',                      30),
+    ('PRODUCT_CATEGORY', 'SAVINGS',         '저축',         '저축보험',                      40),
+    ('PRODUCT_CATEGORY', 'EXCLUDED_AUTO',   '자동차제외',   '1200%룰 적용 제외 — 자동차보험', 50),
+    ('PRODUCT_CATEGORY', 'EXCLUDED_HEALTH', '실손제외',     '1200%룰 적용 제외 — 실손의료비', 60)
+ON CONFLICT (group_code, code) DO NOTHING;