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Paragraph 8

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

For the purposes of paragraph 7 above, the necessary conditions are as follows, that is to say—

(a)

the gross premiums receivable shall be calculated on the basis of sickness tables appropriate to insurance business;

(b)

the reserves shall include provision for increasing age;

(c)

an additional premium shall be collected in order to set up a safety margin of an appropriate amount;

(d)

it shall not be possible for the insurer to cancel the contract after the end of the third year of insurance;

(e)

the contract shall provide for the possibility of increasing premiums or reducing payments during its currency.