10. Where the insured does not pay a premium by the end of the period of grace and the policy has not been changed to provide paid-up insurance, has not been surrendered for its cash surrender value or the automatic extension period has not expired, the insured may, with the consent of the Superintendent, and after such medical examination and other evidence of insurability as the Superintendent may deem necessary, restore the policy to a premium-paying basis at any time within five years from the due date of the first premium in default by payment of the arrears of premiums together with interest thereon at six per ...[+++]cent per annum compounded annually.

(3) A society for which an order approving the commencement and carrying on of business of life insurance has been made under this Act that has members who are entitled to vote at meetings of the society shall advise each of those members at least once a year by means of a statement printed in prominent type on a premium notice, premium receipt or dividend notice or otherwise, of the rights of the member to attend and to vote in person or by proxy at those meetings and to obtain a blank instrument of proxy on request therefor in writi ...[+++]ng to the secretary of the society, but in the case of a member who is not in receipt of a regular annual premium notice from the society, notice of the rights of the member to attend and to vote at meetings of the society may be given only at least once every five years.

Thus, if there is a fisheries Agreement providing for joint enterprises the additional premium will be financed from the fisheries Agreements budget; if there is no fisheries Agreement involved this additional grant will be financed from the Structural Funds.

The common principles relating to the premiums applicable to export credit insurance transactions establish a framework intended to produce greater transparency in the setting of insurance premiums and, in particular, lay down a basic premise that premiums must converge.

It should be noted that in its interim report, the Commission noted that the early marketing premium had not yet produced the desired results; on the other hand, the premium for processing calves less than ten days old had proved very effective, but had been applied by a small number of Member States.

Whereas Article 4 of Regulation (EEC) No 327/71 provides that tobacco which is subjected to first processing and market preparation under invitations to tender provided for by that Regulation is subject to the system of supervision introduced to ensure that tobacco benefiting from the premium is processed ; whereas the system of supervison was introduced by Commission Regulation (EEC) No 1726/70 4 of 25 August 1970 on the procedure for granting the premium for leaf tobacco, as amended by Regulation (EEC) No 2596/70 5 ; whereas, consequently, this system should be made applicable by adapting it to the specific requiremen ...[+++]ts of the operations carried out under invitations to tender;