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Paragraph 18 Other information

Original text. Later amendments are not shown.

A certificate by the appropriate actuary that—

(a)

he considers the premium rate to be suitable;

(b)

he considers the financing of the society to be sufficient to cover both technical reserves and the required margin of solvency during the first three financial years following authorisation; and

(c)

he is satisfied that the information provided under paragraphs 7, 9, 12 and 13 above is based on reasonable principles.