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In order to take account of the acquisition expensesG , the net premium to be valued for the purpose of Paragraph CA-5.1.22 above may be increased by an amount not greater than the equivalent, taken over the whole period of premium payments and calculated according to the rates of interest and rate of mortality and morbidityG employed in valuing the contract, of 3.5 percent of the relevant capital sumG under the contract.

Amended: January 2007
(2 Versions)
Up to Jun 30 2007Jul 1 2007 onwards
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