Article 2-2The amount specified by Cabinet Order, referred to in Article 6, paragraph (1) of the Act, is to be one billion yen.

Article 3The rights specified by Cabinet Order, referred to in Article 17, paragraph (5) of the Act, is to be as follows:

Article 4Insurance Claims, etc. under Article 17, paragraph (6) of the Act are limited to the claims that have already arisen as of the time of the public notice given pursuant to paragraph (2) of that Article.

Article 4-2Where, pursuant to the provisions of Article 17-6, paragraph (2) of the Act, the provisions of Article 463, paragraph (2) of the Companies Act (Act No. 86 of 2005) are applied mutatis mutandis to instances where a stock company has engaged in any act specified in the items of Article 17-6, paragraph (1) of the Act, in violation of that paragraph, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 4-3(1)Where, pursuant to the provisions of Article 21, paragraph (1) of the Act, the provisions of Article 10, Article 12, paragraph (1) and Article 13 of the Companies Act are applied mutatis mutandis to the employees of a Mutual Company, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 21, paragraph (1) of the Act, the provisions of Article 17, paragraph (1) the Companies Act are applied mutatis mutandis to the person acting as the agent or intermediary for transactions on behalf of a Mutual Company, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

(3)Where, pursuant to the provisions of Article 21, paragraph (1) of the Act, the provisions of Articles 22 and 23 of the Companies Act are applied mutatis mutandis to instances where a Mutual Company either assigns its business, or acquires any business or operation, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 4-4Where, pursuant to the provisions of Article 21, paragraph (2) of the Act, the provisions of Article 522 the Commercial Code (Act No. 48 of 1899) are applied mutatis mutandis to the activities of a Mutual Company, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 4-5Where, pursuant to the provisions of Article 24, paragraph (2) of the Act, the provisions of Article 33, paragraphs (1) and (11) and Article 870 (limited to the portion involving items (ii) and (v)) of the Companies Act are applied mutatis mutandis to an inspector's investigation of the particulars listed in items of Article 24, paragraph (1) of the Act detailed or recorded in the articles of incorporation of a Mutual Company, if any, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 4-6(1)A person who seeks to provide the information specified in the provisions set forth in the following items by Electronic or magnetic Means (meaning Electronic or magnetic Means as defined in Article 16, paragraph (2), item (iv) of the Act; hereinafter the same applies in this Article and the following Article; and such person shall be referred to as a the "Sender" in the following paragraph) must, in advance and pursuant to the provisions of Cabinet Office Ordinance, indicate to the recipient of such information the type and contents of the Electronic or magnetic Means that the Sender will use and obtain his/her consent in writing or by Electronic or magnetic Means:

(2)When a Sender who has obtained the consent set forth in the preceding paragraph is notified in writing or by Electronic or magnetic Means to the effect that a recipient refuses to be provided with the information by Electronic or magnetic Means, the Sender must not provide the recipient with the relevant information by Electronic or magnetic Means; provided, however, that this does not apply where the recipient has given consent under that paragraph again.

Article 4-7(1)A person who, pursuant to the provisions set forth in the following items, seeks to send a notice by Electronic or magnetic Means (referred to as the "Notifier" in the following paragraph) must, in advance and pursuant to the provisions of Cabinet Office Ordinance, indicate to the recipient of such notice the type and contents of the Electronic or magnetic Means the Notifier will use and obtain his/her consent in writing or by Electronic or magnetic Means:

(2)Where a Notifier who has obtained the consent set forth in the preceding paragraph is notified in writing or by Electronic or magnetic Means to the effect that a recipient refuses to be provided with notices by Electronic or magnetic Means, the Notifier must not provide said recipient with notices by Electronic or magnetic Means; provided, however, that this does not apply where the recipient has given consent under that paragraph again.

Article 4-8Where, pursuant to the provisions of Article 30-8, paragraph (6) of the Act, the provisions of Article 937, paragraph (1) of the Companies Act (limited to the portion involving sub-item (g) of item (i)) are applied mutatis mutandis to an action for a declaratory judgment as to the absence or invalidity of a resolution at organizational meeting of a Mutual Company or an action to revoke a resolution at organizational meeting of a Mutual Company, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 4-9Where, pursuant to the provisions of Article 30-11, paragraph (2) of the Act, the provisions of Article 93, paragraph (3) of the Companies Act are applied mutatis mutandis to an investigation under Article 30-11, paragraph (1) of the Act, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 4-10Where, pursuant to the provisions of Article 30-14 of the Act, the provisions of Article 52, paragraph (2) (excluding item (ii)) and Article 55 of the Companies Act are applied mutatis mutandis to the liability of the incorporators, Directors at Incorporation, or Auditors at Incorporation of a Mutual Company, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 4-11The rights specified by Cabinet Order, referred to in Article 33, paragraph (3) of the Act, is to be as follows:

Article 5(1)Where, pursuant to the provisions of Article 33-2, paragraph (2) of the Act, the provisions of Article 120, paragraph (2) of the Companies Act are applied mutatis mutandis to the case set forth in Article 33-2, paragraph (1) of the Act, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 33-2, paragraph (2) of the Act, the provisions of Article 851, paragraph (1) (excluding item (i)) and paragraph (3) of the Companies Act are applied mutatis mutandis to an action for the return of benefits under Article 120, paragraph (3) of the Companies Act as applied mutatis mutandis pursuant to Article 33-2, paragraph (2) of the Act, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 5-2The Mutual Company specified by Cabinet Order, referred to in Article 38, paragraph (1) of the Act, is to be a Mutual Company with fifty thousand or less members in total.

Article 5-2-2The number of members specified by Cabinet Order, referred to in Article 38, paragraph (1) of the Act, is to be three percent of the total number of members or 150 members, whichever is less.

Article 5-2-3The number of members specified by Cabinet Order, referred to in Article 39, paragraph (1) of the Act, is to be one percent of the total number of members or 50 members, whichever is less.

Article 5-2-4Where, pursuant to the provisions of Article 41, paragraph (1) of the Act, the provisions of Article 319, paragraph (5) of the Companies Act are applied mutatis mutandis to a Meeting of General Members' Council of a Mutual Company, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 5-2-5Where, pursuant to the provisions of Article 41, paragraph (2) of the Act, the provisions of Article 836, paragraph (1) and Article 937, paragraph (1) (limited to the portion involving sub-item (g) of item (i)) of the Companies Act are applied mutatis mutandis to an action for a declaratory judgment as to the absence or invalidity of a resolution of the general members' council of a Mutual Company or an action to revoke a resolution of the general members' council of a Mutual Company, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 5-2-6Where, pursuant to the provisions of Article 44-2, paragraph (3) of the Act, the provisions of Article 310, paragraphs (3), (4), (6) and (7) of the Companies Act are applied mutatis mutandis to the case set forth in paragraph (1) of Article 44-2, paragraph (1) of the Act, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 5-2-7Where, pursuant to the provisions of Article 49, paragraph (2) of the Act, the provisions of Article 836, paragraph (1) and Article 937, paragraph (1) (limited to the portion involving sub-item (g) of item (i)) of the Companies Act are applied mutatis mutandis to an action for a declaratory judgment as to the absence or invalidity of a resolution of the General Representative Members' Council of a Mutual Company or an action to revoke a resolution of General Representative Members' Council of a Mutual Company, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 5-2-8The number specified by Cabinet Order, referred to in Article 50, paragraph (1) of the Act, is to be five percent of the total number of members or 250 members, whichever is less.

Article 6Where, pursuant to the provisions of Article 53-6, paragraph (2) of the Act, the provisions of Article 336, paragraph (4) (limited to the portion involving item (ii)) of the Companies Act are applied mutatis mutandis to the company auditors of a Mutual Company, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 6-2Where, pursuant to the provisions of Article 53-11 of the Act, the provisions of Article 345, paragraph (5) of the Companies Act are applied mutatis mutandis to the statement of opinions on the election, dismissal, or resignation of the accounting advisor, company auditor, or accounting auditor of a Mutual Company, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 7Where, pursuant to the provisions of Article 53-17 of the Act, the provisions of Article 374, paragraph (1) of the Companies Act are applied mutatis mutandis to the accounting advisors of a Mutual Company, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 7-2Where, pursuant to the provisions of Article 53-20 of the Act, the provisions of Article 383, paragraph (1) and Article 388 of the Companies Act are applied mutatis mutandis to the company auditors of a Mutual Company, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 7-3Where, pursuant to the provisions of Article 53-36 of the Act, the provisions of Article 425, paragraph (1) (excluding item (ii)) and Article 428, paragraph (1) of the Companies Act are applied mutatis mutandis to the liability for damages of the officers, etc. of a Mutual Company, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 7-4(1)Where, pursuant to the provisions of Article 53-37 of the Act, the provisions of Article 850, paragraph (4) and Article 851, paragraph (1) (excluding item (i)) and paragraph (3) of the Companies Act are applied mutatis mutandis to a liability action in a Mutual Company, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 53-37 of the Act, the provisions of Article 854, paragraph (1) (excluding sub-item (a) of item (i) and also excluding item (ii)) of the Companies Act are applied mutatis mutandis to an action to dismiss the officer of a Mutual Company, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 8Where, pursuant to the provisions of Article 54-10, paragraph (6) of the Act, the provisions of Article 54-5 and Article 54-6, paragraph (1) of the Act are applied mutatis mutandis to consolidated financial statements, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 8-2Where, pursuant to the provisions of Article 57, paragraph (4) of the Act, the provisions of Article 16, paragraph (1) (excluding the proviso thereto) and paragraph (2), Article 17, paragraph (1) (excluding the proviso thereto), paragraph (2) and paragraph (4), Article 17-2, paragraph (4) and Article 17-4 of the Act are applied mutatis mutandis to a reduction of the reserves for the redemption of funds under Article 57, paragraph (4) of the Act, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 8-3Insurance Claims, etc. under Article 17, paragraph (6) of the Act as applied mutatis mutandis pursuant to Article 57, paragraph (4) of the Act are to be limited to the claims that have already arisen as of the time of the public notice given pursuant to paragraph (2) of that Article.

Article 8-4Where, pursuant to the provisions of Article 60-2, paragraph (4) of the Act, the provisions of Article 209, item (i) of the Companies Act are applied mutatis mutandis to the solicitation of funds under Article 60, paragraph (1) of the Act, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 9Where, pursuant to the provisions of Article 61-5 of the Act, the provisions of Article 697, paragraph (1) of the Companies Act are applied mutatis mutandis to instances where a Mutual Company issues corporate bonds, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 9-2Where, pursuant to the provisions of Article 61-7, paragraph (8) of the Act, the provisions of Article 709, paragraph (2) of the Companies Act are applied mutatis mutandis to a Corporate Bond Administrator, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 9-3Where, pursuant to the provisions of Article 61-8, paragraph (2) of the Act, the provisions of Article 716, Article 724, paragraph (2), Article 729, paragraph (1), Article 733, Article 740, paragraph (2) and Article 741, paragraph (3) of the Companies Act are applied mutatis mutandis to instances where a Mutual Company issues corporate bonds, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 9-4The laws and regulations specified by Cabinet Order, referred to in Article 61-9 of the Act, are the Secured Bonds Trust Act (Act No. 52 of 1905), the Enterprise Mortgage Act (Act No. 106 of 1958) and the Order for the Registration of Enterprise Mortgages (Cabinet Order No. 187 of 1958); and, for the purpose of the application of the provisions of these laws and regulations to the corporate bonds set forth in Article 61 of the Act, a Mutual Company, its name, principal office, and members are deemed to be a stock company, its trade name, head office, and shareholders as set forth in the provisions of Part II of the Companies Act, respectively.In this case, the term "registry of stock companies" in Article 4, paragraph (1) of the Enterprise Mortgage Act is deemed to be replaced with "registry of mutual companies."

Article 9-5Where, pursuant to the provisions of Article 63-2 of the Act, the provisions of Article 824, paragraph (1), item (iii) of the Companies Act are applied mutatis mutandis to a dissolution order for a Mutual Company, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 10Where, pursuant to the provisions of Article 64, paragraph (3) of the Act, the provisions of Article 916 (limited to the portion involving item (i)) and Article 930, paragraphs (1) and (2) of the Companies Act are applied mutatis mutandis to a Mutual Company, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 10-2(1)Where, pursuant to the provisions of Article 67 of the Act, the provisions of Article 908, paragraph (1), Article 909 and Article 910 of the Companies Act are applied mutatis mutandis to the registration of a Mutual Company, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 67 of the Act, the provisions of the Commercial Registration Act (Act No. 125 of 1963) are applied mutatis mutandis to the registration of a Mutual Company, the technical replacement of terms in connection with the provisions of such Act (including the provisions of such Act as applied mutatis mutandis to the relevant provisions) is to be as set forth in the following table:

Article 10-3Where, pursuant to the provisions of Article 67-2 of the Act, the provisions of Article 940, paragraph (1) and Article 946, paragraph (3) of the Companies Act are applied mutatis mutandis to instances where a Mutual Company gives a public notice under the Act or any other Act by means of Electronic Public Notice, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 11Insurance Claims, etc. under Article 70, paragraphs (5) to (7) inclusive of the Act are to be limited to the claims that have already arisen as of the time of public notice given pursuant to paragraph (2) of that Article.

Article 11-2Where, pursuant to the provisions of Article 71 of the Act, the provisions of Article 777, paragraph (3) of the Companies Act are applied mutatis mutandis to instances where a converting stock company has issued share options, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 11-3(1)Where, pursuant to the provisions of Article 74, paragraph (3) of the Act, the provisions of the Companies Act are applied mutatis mutandis to a Policyholders' Meeting, the technical replacement of terms in connection with the provisions of said Act is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 74, paragraph (3) of the Act, the provisions of Article 836, paragraph (1) and Article 937, paragraph (1) (limited to the portion involving sub-item (g) of item (i)) of the Companies Act are applied mutatis mutandis to an action for a declaratory judgment as to the absence or invalidity of a resolution at Policyholders' Meeting or an action to revoke a resolution at Policyholders' Meeting, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 11-4(1)Where, pursuant to the provisions of Article 77, paragraph (6) of the Act, the provisions of Article 44-2, paragraph (1) and Article 74, paragraphs (1) to (3) inclusive and (6) of the Act are applied mutatis mutandis to a General Representative Policyholders' Council, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

(2)Where the provisions of the first sentence of Article 44-2, paragraph (3) of the Act are applied mutatis mutandis to a General Representative Policyholders' Council pursuant to the provisions of Article 77, paragraph (6), the technical replacement of terms in connection with the provisions of Article 310, paragraphs (3), (4), (6) and (7) of the Companies Act as applied mutatis mutandis pursuant to the first sentence of the first-mentioned paragraph is to be as set forth in the following table:

(3)Where the provisions of Article 74, paragraph (3) of the Act are applied mutatis mutandis to a General Representative Policyholders' Council pursuant to the provisions of Article 77, paragraph (6), the technical replacement of terms in connection with the provisions Companies Act as applied mutatis mutandis pursuant to the first-mentioned paragraph is to be as set forth in the following table:

Article 11-5Where, pursuant to the provisions of Article 78, paragraph (3) of the Act, the provisions of Article 30 and Article 30-3, paragraphs (1) and (5) of the Act are applied mutatis mutandis to solicitation under paragraph (1) of the first-mentioned Article, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 11-6Where, pursuant to the provisions of Article 84, paragraph (3) of the Act, the provisions of Article 78, paragraph (3) of the Commercial Registration Act are applied mutatis mutandis to the case set forth in paragraph (1) of the first-mentioned Article, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 11-7(1)Where, pursuant to the provisions of Article 84-2, paragraph (4) of the Act, the provisions of Article 836, paragraph (1) and Article 937, paragraph (3) (limited to the portion involving item (i)) of the Companies Act are applied mutatis mutandis pursuant to an action to invalidate an entity conversion, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 84-2, paragraph (4) of the Act, the provisions of Article 840, paragraphs (1) and (2) the Companies Act are applied mutatis mutandis to a judgment of the invalidity of an entity conversion accompanied by the solicitation of funds as set forth in Article 78, paragraph (1) of the Act, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 12Insurance Claims, etc. under Article 88, paragraphs (5) to (7) inclusive of the Act are to be limited to the claims that have already arisen as of the time of the public notice given pursuant to paragraph (2) of that Article.

Article 12-2Where, pursuant to the provisions of Article 96-4 of the Act, the provisions of Article 207, paragraph (8) and Article 213, paragraph (1) (excluding items (i) and (iii)) of the Companies Act are applied mutatis mutandis to instances where the particulars set forth in Article 92, item (iii) of the Act are prescribed, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 12-3(1)Where, pursuant to the provisions of Article 96-5, paragraph (3) of the Act, the provisions of Article 791, paragraph (1) (excluding item (i)) and paragraph (4) of the Companies Act are applied mutatis mutandis to a Mutual Company implementing an Entity Conversion involving a Share Exchange on Entity Conversion, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 96-5, paragraph (3) of the Act, the provisions of the Companies Act are applied mutatis mutandis to a Wholly Owning Parent Company resulting from a Share Exchange on Entity Conversion, the technical replacement of terms in connection with the provisions of said Act is to be as set forth in the following table:

Article 12-4(1)Where, pursuant to the provisions of Article 96-9, paragraph (4) of the Act, the provisions of Article 811, paragraph (1) (excluding item (i)) and paragraph (4) of the Companies Act are applied mutatis mutandis to a Mutual Company implementing an Entity Conversion involving a Share Transfer on Entity Conversion, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 96-9, paragraph (4) of the Act, the provisions of Article 309, paragraph (2) (excluding each of the items), Article 806, paragraph (3), Article 808, paragraph (3) (excluding items (i) and (ii)) and Article 810, paragraph (2) of the Companies Act are applied mutatis mutandis to a stock company as set forth in Article 96-9, paragraph (1), item (ix) of the Act, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 12-5(1)Where, pursuant to the provisions of Article 96-14, paragraph (2) of the Act, the provisions of Article 89 (limited to the portion involving item (i) to (iv) inclusive) of the Commercial Registration Act are applied mutatis mutandis to a converting Mutual Company implementing a Share Exchange on Entity Conversion, the technical replacement of terms in connection with the relevant provisions shall is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 96-14, paragraph (2) of the Act, the provisions of Article 925 (excluding items (ii) and (iv)) of the Companies Act are applied mutatis mutandis to where a converting Mutual Company implements a Share Transfer on Entity Conversion, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

(3)Where, pursuant to the provisions of Article 96-14, paragraph (2) of the Act, the provisions of Article 90 of the Commercial Registration Act are applied mutatis mutandis to where a converting Mutual Company implements a Share Transfer on Entity Conversion, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 12-6Where, pursuant to the provisions of Article 96-14, paragraph (6) of the Act, the provisions of Article 76 and Article 78, paragraph (3) of the Commercial Registration Act are applied mutatis mutandis to the case set forth in Article 96-14, paragraph (1) of the Act, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 12-7Where, pursuant to the provisions of Article 96-15 of the Act, the provisions of Article 82, paragraphs (2) and (3) of the Act are applied mutatis mutandis to an Entity Conversion from a Mutual Company to a Stock Company, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 12-8Where, pursuant to the provisions of Article 96-16, paragraph (4) of the Act, the provisions of Article 836, paragraph (1) and Article 937, paragraph (3) (limited to the portion involving item (i)) and paragraph (4) of the Companies Act are applied mutatis mutandis to an action to invalidate an Entity Conversion, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 13The laws and regulations specified by Cabinet Order, as referred to in Article 99, paragraph (6) of the Act, are those prescribed respectively in the following items; the application of the provisions of these laws and regulations are applied pursuant to the provisions of the relevant item; and, for the purposes of the application of the provisions of such laws and regulations to businesses set forth in Article 99, paragraph (2), items (i), (ii) and (v) of the Act, the name, principal office or business of a Mutual Company is deemed as the trade name, head office or business of a Stock Company as set forth in Part II of the Companies Act, respectively.

Article 13-2The amount specified by Cabinet Order, referred to in Article 11, paragraph (2) of the Trust Business Act (Act No. 154 of 2004) as applied mutatis mutandis pursuant to Article 99, paragraph (8) of the Act (including cases where applied mutatis mutandis pursuant to Article 199 of the Act (including cases where applied mutatis mutandis pursuant to Article 240, paragraph (1) of the Act); the same applies hereinafter) is to twenty five million yen.

Article 13-3Where a Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services (the term "Insurance-Proceed Trust Services" means the Insurance-Proceed Trust Services as set forth in Article 99, paragraph (3) of the Act, and the same applies hereinafter; and the term "Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services" means a Life Insurance Company or a Foreign Life Insurance Company, etc. (including an Underwriting Member of a party that has obtained a specified life insurance business license as set forth in Article 219, paragraph (4) of the Act and that is deemed to be a Foreign Life Insurance Company, etc. pursuant to the provisions of Article 240, paragraph (1), item (i) of the Act) that engages in Insurance-Proceed Trust Services; the same applies hereinafter) concludes a contract as set forth in Article 11, paragraph (3) of the Trust Business Act as applied mutatis mutandis pursuant to Article 99, paragraph (8) of the Act, it must have a Bank or other type of financial institution specified by Cabinet Office Ordinance as the other party thereto, and the terms and conditions thereunder must satisfy the following requirements:

Article 13-4(1)A person who holds rights pursuant to Article 11, paragraph (6) of the Trust Business Act as applied mutatis mutandis pursuant to Article 99, paragraph (8) of the Act (hereinafter simply referred to as "Rights" in this Article) may file a petition for the fulfillment of those Rights with the Commissioner of the Financial Services Agency.

(2)Where a petition set forth in the preceding paragraph has been filed and where the Commissioner of the Financial Services Agency finds the petition to have reasonable grounds, said Commissioner must issue a public notice notifying persons who have a Right to the business deposit that they must report their Rights within a fixed period of time not shorter than sixty days and that they will be excluded from the distribution process if they fail to report their Rights within that period, and said Commissioner must also notify the person who filed the petition under the preceding paragraph (hereinafter referred to as the "Petitioner" in this Article) and the depositor (where the depositor has deposited the full amount of the business deposit under Article 11, paragraph (1) of the Trust Business Act as applied mutatis mutandis pursuant to Article 99, paragraph (8) of the Act on behalf of a Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services pursuant to the contract set forth in paragraph (3) of that Article and in response to the order issued under paragraph (4) of that Article, the depositor includes said Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services; the same applies in paragraphs (4) and (5)) to that effect.

(3)Once the public notice under the preceding paragraph has been given, even in the event that the Petitioner withdraws a petition, this does not prevent the procedures from proceeding.

(4)The Commissioner of the Financial Services Agency must assess the Rights without delay after the period of time set forth in paragraph (2) has elapsed.In this case, the Commissioner of the Financial Services Agency must give public notice of the date and place and notify the depositor of such information, in advance, and afford the Petitioner, any person who has reported their own Rights within the designated period, and the depositor an opportunity to introduce evidence and to express their opinions as to the existence of the Rights and the amount of the claims secured by such Rights.

(5)The Commissioner of the Financial Services Agency must without delay, prepare a distribution list based on the results of the assessment under the preceding paragraph, must put such list on public notice, and must notify the depositor of such list.

(6)The distribution is to be implemented in accordance with the distribution list set forth in the preceding paragraph, after eighty days have elapsed since the day on which the public notice was given under the preceding paragraph.

(7)Where any securities (including book-entry transfer bonds as defined in Article 278, paragraph (1) of the Act on Transfer of Corporate Bonds, Shares, etc. (Act No. 75 of 2001); the same applies hereinafter) have been deposited, and where it is necessary for fulfillment of the Rights, the Commissioner of the Financial Services Agency may realize such securities.In this case, the expenses incurred in relation to the realization of such securities are to be deducted from the proceeds of the realization.

Article 13-5(1)A Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services, the successor thereof, or the party that has deposited the business deposit on behalf of said Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services may, when it comes to fall under any of the cases set forth in the following, recover the full amount of the business deposit it has deposited, with the approval of the Commissioner of the Financial Services Agency:

(2)Where a Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services has concluded a contract as set forth in Article 11, paragraph (3) of the Trust Business Act as applied mutatis mutandis pursuant to Article 99, paragraph (8) of the Act, or has effected any amendment to the terms and conditions thereunder, and has notified the Commissioner of the Financial Services Agency to that effect, in which case the amount of the business deposit (including the Contract Amount (meaning a Contract Amount as defined in that paragraph; hereinafter the same applies in this paragraph)) for said Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services exceeds the amount required to be deposited under that paragraph, the Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services or the party that has deposited the business deposit on behalf of said Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services may recover all or part of the amount in excess thereof, only to the extent of the amount of the business deposit less the Contract Amount, with the approval of the Commissioner of the Financial Services Agency.

Article 13-5-2(1)The persons specified by Cabinet Order as being closely related to the settler under Article 23, paragraph (2) of the Trust Business Act as applied mutatis mutandis pursuant to Article 99, paragraph (8) of the Act, are to be as follows:

(2)The persons specified by Cabinet Order as being closely related to the trustee set forth in Article 23, paragraph (2) of the Trust Business Act as applied mutatis mutandis pursuant to Article 99, paragraph (8) of the Act are to be as follows:

(3)The term "Parent Corporation, etc." as set forth in the preceding two paragraphs means a Corporation, etc. (meaning a company, partnership, or any other type of entity similar thereto (including an equivalent entity in a foreign state); hereinafter the same applies in this paragraph and the following paragraph) that is specified by Cabinet Office Ordinance as the Corporation that controls the mechanism that is responsible for decisions on the financial policies and business or operational policies (meaning shareholders' meetings or any other mechanism equivalent thereto; hereinafter referred to as a "Decision-Making Mechanism" in this paragraph) of any other Corporation, etc.; and the term "Subsidiary Corporation, etc." as set forth in the preceding two paragraphs means a Corporation, etc. whose Decision-Making Mechanism is controlled by its Parent Corporation, etc.In this case, where the a Parent Corporation and its Subsidiary Corporation, etc. jointly control, or where the Subsidiary Corporation, et c. solely controls, any other Corporation's Decision-Making Mechanism, such other Corporation, etc. is deemed to be said Parent Corporation's Subsidiary Corporation, etc.

(4)The term "Affiliated Corporation, etc." as set forth in paragraphs (1) and (2) means a Corporation, etc. (including a Subsidiary Corporation, etc. (meaning a Subsidiary Corporation, etc. as set forth in the preceding paragraph; the same applies hereinafter)) that is specified by Cabinet Office Ordinance as a Corporation, etc. that may have a material impact on the decision-making of any other Corporation, etc. (excluding its Subsidiary Corporation, etc.) in terms of financial affairs, operational policies, or business policy, by such means as equity contributions, assumption of the office of director or any other position similar thereto by the present or former officer or employee of the first-mentioned Corporation, etc., financing, guarantees of obligations, the provision of security, the transfer of technology, operational transactions or business transactions, and others.

(5)The term "Specified Individual Shareholder, etc." as set forth in paragraphs (1) and (2) means an individual person who holds Subject Voting Rights (meaning Subject Voting Rights as defined in Article 5, paragraph (5) of the Trust Business Act) in the relevant corporation greater than fifty percent of All Shareholders' Voting Rights, etc.

(6)Where item (viii) of paragraph (1) or item (viii) of paragraph (2) applies, the voting rights held by a person specified in item (vii) of paragraph (1) or item (vii) of paragraph (2) shall include the voting rights represented by the share or contribution that cannot be asserted against the issuer pursuant to the provisions of Article 147, paragraph (1) or Article 148, paragraph (1) of the Act on Transfer of Corporate Bonds, Shares, etc. (including cases where applied mutatis mutandis pursuant to Article 228, paragraph (1), Article 235, paragraph (1), Article 239, paragraph (1) and Article 276 (limited to the portion involving item (ii)) of that Act).

Article 13-5-3(1)When a Life Insurance Company, etc. Engaged in Insurance Proceeds Trust Business intends to provide information set forth in Article 34-3, paragraph (4) of the Financial Instruments and Exchange Act (Act No. 25 of 1948) as applied mutatis mutandis pursuant to Article 24-2 of the Trust Business Act as further applied mutatis mutandis pursuant to Article 99, paragraph (8) of the Act (hereinafter referred to as the "Financial Instruments and Exchange Act as Applied Mutatis Mutandis" in this Article to Article 13-5-5 inclusive), pursuant to the provisions of Article 34-2, paragraph (4) of the Financial Instruments and Exchange Act as applied Mutatis Mutandis (including cases where applied mutatis mutandis pursuant to Article 34-3, paragraph (12) (including cases where applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of the Financial Instruments and Exchange Act as Applied Mutatis Mutandis), Article 34-4, paragraph (3) and Article 37-3, paragraph (2) of the Financial Instruments and Exchange Act as Applied Mutatis Mutandis; hereinafter the same applies in this Article), it must, in advance and pursuant to the provisions of Cabinet Office Ordinance, present to the recipient of such information the type and details of the means set forth in Article 34-3, paragraph (4) of the Financial Instruments and Exchange Act as Applied Mutatis Mutandis to be used (hereinafter referred to as the "Electronic or magnetic Means" in this Article) and obtain from such recipient authorization thereon in writing or by Electronic or magnetic Means.

(2)In cases where a recipient set forth in the preceding paragraph has made a notice in writing or by Electronic or magnetic Means to the effect that said recipient refuses to receive information provided by Electronic or magnetic Means, the Life Insurance Company, etc. Engaged in Insurance Money Trust Business which has obtained approval under the preceding paragraph does not provide the recipient with the relevant information set forth in Article 34-2, paragraph (4) of the Financial Instruments and Exchange Act as Applied Mutatis Mutandis by Electronic or magnetic Means; provided, however, that this does not apply to cases where the recipient reaffirms the approval under the preceding paragraph.

Article 13-5-4(1)In cases where, pursuant to the provisions of Article 34-2, paragraph (12) of the Financial Instruments and Exchange Act as Applied Mutatis Mutandis (including cases where applied mutatis mutandis pursuant to Article 34-3, paragraph (3) of the Financial Instruments and Exchange Act as Applied Mutatis Mutandis (including cases where applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of the Financial Instruments and Exchange Act as Applied Mutatis Mutandis); hereinafter the same applies in this Article), a Life Insurance Company, etc. Engaged in Insurance Money Trust Business, intends to obtain consent by the means specified by Cabinet Office Ordinance as referred to in Article 34-2, paragraph (12) of the Financial Instruments and Exchange Act as Applied Mutatis Mutandis (hereinafter referred to as "Electronic or magnetic Means" in this Article) in lieu of the written consent set forth in paragraph (11) of that Article, it must, in advance and pursuant to Cabinet Office Ordinance provisions, present to the other party from whom said consent is to be obtained the types and details of the Electronic or magnetic Means and obtain from said other party approval thereon in writing or by Electronic or magnetic Means.

(2)In cases where the other party has made a notice in writing or by Electronic or magnetic Means to the effect that such party refuses to give a consent by Electronic or magnetic Means, the Life Insurance Company, etc. Engaged in Insurance Money Trust Business which has obtained the approval under the preceding paragraph does not obtain from the other party the consent set forth in Article 34-2, paragraph (12) of the Financial Instruments and Exchange Act as Applied Mutatis Mutandis by Electronic or magnetic Means; provided, however, that this does not apply to cases where the other party reaffirms the approval under the preceding paragraph.

Article 13-5-5(1)The particulars specified by Cabinet Order, referred to in Article 37, paragraph (1), item (iii) of the Financial Instruments and Exchange Act as Applied Mutatis Mutandis are to be as follows;

(2)Notwithstanding the provisions of the preceding paragraph, where the conduct specified in Article 37, paragraph (1) of the Financial Instruments and Exchange Act as Applied Mutatis Mutandis is to be implemented by means of broadcasting by the use of the broadcasting facilities of a Private Broadcaster (meaning a Private Broadcaster as prescribed in Article 2, item (iii)-3 of the Broadcast Act (Act No. 132 of 1950); the same applies in Article 44-5, paragraph (2)) or any other equivalent means specified by Cabinet Office Ordinance, the particulars specified by Cabinet Order that are referred to in Article 37, paragraph (1), item (iii) of the Financial Instruments and Exchange Act as Applied Mutatis Mutandis are to be as follows:

Article 13-5-6Where, pursuant to the provisions of Article 99, paragraph (8) of the Act, the provisions of Article 24-2 of the Trust Business Act are applied mutatis mutandis to where a Life Insurance Company, etc. engages in Insurance-Proceed Trust Services, the technical replacement of terms in connection with the provisions of the Financial Instruments and Exchange Act, which are applied mutandis pursuant to Article 24-2 of the Trust Business Act, is to be as set forth in the following table:

Article 13-6(1)Where, pursuant to the provisions of Article 26, paragraph (2) of the Trust Business Act as applied mutatis mutandis pursuant to Article 99, paragraph (8) of the Act, a Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services seeks to provide the information set forth in that paragraph, , in advance and pursuant to the provisions of Cabinet Office Ordinance, it must indicate to the settlor the type and details of the Electronic or magnetic Means set forth in that paragraph that it will use (hereinafter referred to as the "Electronic or magnetic Means" in this Article) and must obtain consent therefrom in writing or by Electronic or magnetic Means.

(2)Where a Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services that has obtained the consent set forth in the preceding paragraph is notified in writing or by Electronic or magnetic Means to the effect that the settler refuses to receive the information by Electronic or magnetic Means, it does not provide the settlor with the information set forth in Article 26, paragraph (2) of the Trust Business Act as applied mutatis mutandis pursuant to Article 99, paragraph (8) of the Act by Electronic or magnetic Means; provided, however, that this does not apply where the settlor has given consent under the preceding paragraph again.

(3)The provisions of the preceding two paragraphs apply mutatis mutandis to where the provisions of Article 26, paragraph (2) of the Trust Business Act are applied mutatis mutandis pursuant to Article 27, paragraph (2) and Article 29, paragraph (4) of that Act, as further applied mutatis mutandis to Article 99, paragraph (8) of the Act. In such case, the term the "settlor" in these provisions are deemed to be replaced with "beneficiary of the trust property."

Article 13-7(1)The reference, in Article 29, paragraph (2) of the Trust Business Act as applied mutatis mutandis pursuant to Article 99, paragraph (8) of the Act, to a person specified by Cabinet Order means a person that is listed in the following items :

(2)Where a Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services has entrusted its Insurance-Proceed Trust Services to another party pursuant to the provisions of Article 22, paragraph (1) of the Trust Business Act as applied mutatis mutandis pursuant to Article 99, paragraph (8) of the Act, for the purpose of the application of the provisions of the preceding paragraph to the person who has been entrusted with those Insurance-Proceed Trust Services, the term "Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services" in that paragraph is deemed to be replaced with "person entrusted with Insurance-Proceed Trust Services by the Life Insurance Company, etc. Engaged in Insurance-Proceed Trust Services."

(3)The provisions of Article 13-5-2, paragraph (6) apply mutatis mutandis to the voting rights held by the person set forth in item (vii) of paragraph (1), where item (viii) of that paragraph applies.

Article 13-8(1)The parties specified by Cabinet Order, referred to in Article 100-2-2, paragraph (2) of the Act, are to be as follows:

(2)The other persons engaged in financial business specified by Cabinet Order, referred to in Article 100-2-2, paragraph (2) of the Act, are to be as follows:

(3)The reference, in Article 100-2-2, paragraph (3) of the Act, to a person specified by Cabinet Order means a person that is listed on the following items:

(4), The reference, in Article 100-2-2, paragraph (3) of the Act, to a person conducting financial business which is specified by Cabinet Order means a person that is specified in item (i) to (iii) inclusive and items (x) and (xi) of paragraph (2).

Article 14The reference in Article 100-3 of the Act, to a person to which an Insurance Company is specially related as specified by Cabinet Order means a person that is listed in the following items:

Article 14-2(1)When an Insurance Company (including a Foreign Insurance Company, etc.; the same applies in the following paragraph) intends to provide information under Article 100-5, paragraph (2) of the Act (including cases where applied mutatis mutandis pursuant to Article 199 of the Act; hereinafter the same applies in this Article) pursuant to the provisions of Article 100-5, paragraph (2) of the Act, it must, in advance and pursuant to the provisions of Cabinet Office Ordinance, indicate to the Policyholder the type and contents of the method to be used under said paragraph (hereinafter referred to as "Electronic or magnetic Means" in this Article) and obtain his/her approval thereon in writing or by Electronic or magnetic Means.

(2)When an Insurance Company that has obtained the approval under the preceding paragraph is notified in writing or by Electronic or magnetic Means to the effect that the Policyholder refuses to receive the information by Electronic or magnetic Means, it does not provide said Policyholder with the information under Article 100-5, paragraph (2) of the Act by Electronic or magnetic Means; provided, however, that this does not apply where the Policyholder has once again given approval under the preceding paragraph.

Article 15The insurance contracts specified by Cabinet Order, referred to in Article 135, paragraph (2) of the Act, are to be as follows:

Article 15-2Where, pursuant to the provisions of Article 152, paragraph (2) of the Act, the provisions of paragraph (1) of that Article are applied mutatis mutandis to a Mutual Company, the technical replacement of terms in connection with the provisions of Article 471, item (vi) of the Companies Act as applied by replacing certain terms pursuant to Article 152, paragraph (1) of the Act, is to be as set forth in the following table:

Article 16The insurance contracts specified by Cabinet Order, referred to in Article 153, paragraph (3) are to be as follows:

Article 16-2(1)Where, pursuant to the provisions of Article 158 of the Act, the provisions of Article 926 of the Companies Act are applied mutatis mutandis to a Mutual Company, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 158 of the Act, the provisions of Article 71, paragraph (3) of the Commercial Registration Act are applied mutatis mutandis to a Mutual Company, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 17Where, pursuant to the provisions of Article 164, paragraph (3) of the Act, the provisions of Article 90, paragraph (3) of the Act are applied mutatis mutandis to an absorption-type merger under Article 164, paragraph (1) of the Act, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 17-2(1)Where, pursuant to the provisions of Article 165, paragraph (5) of the Act, the provisions of Article 90, paragraph (3) of the Act are applied mutatis mutandis to a consolidation-type merger under Article 165, paragraph (1) of the Act, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 165, paragraph (5) of the Act, the provisions of Article 162, paragraph (3) of the Act are applied mutatis mutandis to a Mutual Company disappearing in a consolidation-type merger, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 17-3Where, pursuant to the provisions of Article 165-5, paragraph (2) of the Act, the provisions of Article 785, paragraphs (5) and (7) and Article 786, paragraph (1) of the Companies Act are applied mutatis mutandis to the request under Article 165-5, paragraph (1) of the Act, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 17-4Where, pursuant to the provisions of Article 165-6, paragraph (2) of the Act, the provisions of Article 787, paragraphs (5) and (7) and Article 788, paragraphs (1) and (5) of the Companies Act are applied mutatis mutandis to a request under Article 165-6, paragraph (1) of the Act, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 17-5Where, pursuant to the provisions of Article 165-7, paragraph (4) of the Act, the provisions of Article 70, paragraph (4) and paragraph (6) to (8) inclusive of the Act are applied mutatis mutandis to an objection of the creditors as set forth in Article 165-7, paragraph (1) of the Act, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 17-6Insurance Claims, etc. under Article 70, paragraphs (5) to (7) inclusive of the Act as applied mutatis mutandis pursuant to Article 165-7, paragraph (4) of the Act are to be limited to the claims that have already arisen as of the time of the public notice given pursuant to Article 165-7, paragraph (2) of the Act.

Article 17-7(1)Where, pursuant to the provisions of Article 165-12 of the Act, the provisions of Article 165-4, paragraph (1), Article 165-5, paragraph (2) and Article 165-7, paragraph (2) of the Act are applied mutatis mutandis to Stock Company surviving in an absorption-type merger, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 165-12 of the Act, the provisions of Article 165-5, paragraph (2) of the Act are applied mutatis mutandis to Stock Company surviving in an absorption-type merger, the technical replacement of terms in connection with the provisions of Article 797, paragraphs (5) and (7) of the Companies Act as applied mutatis mutandis pursuant to Article 165-5, paragraph (2) of the Act, is to be as set forth in the following table:

(3)Where, pursuant to the provisions of Article 165-12 of the Act, the provisions of Article 165-7, paragraph (4) of the Act are applied mutatis mutandis to Stock Company surviving in an absorption-type merger, the technical replacement of terms in connection with the provisions of Article 70, paragraph (4) and paragraphs (6) to (8) inclusive of the Act as applied mutatis mutandis pursuant to Article 165-7, paragraph (4) of the Act is to be as set forth in the following table:

(4)Where, pursuant to the provisions of Article 165-12 of the Act, the provisions of Article 797, paragraphs (1) and (2) of the Companies Act are applied mutatis mutandis to Stock Company surviving in an absorption-type merger, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 17-8Insurance Claims, etc. under Article 70, paragraphs (5) to (7) inclusive of the Act as applied mutatis mutandis pursuant to Article 165-7, paragraph (4) of the Act as further applied mutatis mutandis pursuant to Article 165-12 of the Act, are to be limited to the claims that have already arisen as of the time of the public notice given pursuant to Article 165-7, paragraph (2) of the Act as applied mutatis mutandis pursuant to Article 165-12 of the Act.

Article 17-9Where, pursuant to the provisions of Article 165-14, paragraph (3) of the Act, the provisions of Article 165-13, paragraph (1) of the Act are applied mutatis mutandis to a Stock Company incorporated in a consolidation-type merger, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 17-10Where, pursuant to the provisions of Article 165-17, paragraph (4) of the Act, the provisions of Article 88, paragraphs (4), (6), (7) and (9) are applied mutatis mutandis to an objection of the creditors as set forth in Article 165-17, paragraph (1) of the Act, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 17-11Insurance Claims, etc. under Article 88, paragraphs (5) to (7) inclusive of the Act as applied mutatis mutandis pursuant to Article 165-17, paragraph (4) of the Act are to be limited to the claims that have already arisen as of the time of the public notice given pursuant to Article 165-17, paragraph (2) of the Act.

Article 17-12(1)Where, pursuant to the provisions of Article 165-20 of the Act, the provisions of Article 165-17, paragraph (2) of the Act are applied mutatis mutandis to Mutual Company surviving in an absorption-type merger, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 165-20 of the Act, the provisions of Article 165-17, paragraph (4) of the Act are applied mutatis mutandis to Mutual Company surviving in an absorption-type merger, the technical replacement of terms in connection with the provisions of Article 88, paragraphs (4), (6), (7) and (9) of the Act as applied mutatis mutandis pursuant to Article 165-17, paragraph (4) of the Act, is to be as set forth in the following table:

Article 17-13Insurance Claims, etc. under Article 88, paragraphs (5) to (7) inclusive of the Act as applied mutatis mutandis pursuant to Article 165-17, paragraph (4) of the Act as further applied mutatis mutandis pursuant to Article 165-20 of the Act, are to be limited to the claims that have already arisen as of the time of the public notice given pursuant to Article 165-17, paragraph (2) of the Act as applied mutatis mutandis pursuant to Article 165-20 of the Act.

Article 17-14Where, pursuant to the provisions of Article 165-22, paragraph (3) of the Act, the provisions of Article 165-21, paragraph (1) of the Act are applied mutatis mutandis to Mutual Company incorporated in a consolidation-type merger, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 17-15Insurance Claims, etc. under Article 165-24, paragraphs (5) to (7) inclusive of the Act, are to be limited to the claims that have already arisen as of the time of the public notice given pursuant to paragraph (2) of that Article.

Article 17-16Where, pursuant to the provisions of Article 170, paragraph (3) of the Act, the provisions of the Commercial Registration Act are applied mutatis mutandis to registrations concerning a Mutual Company, the technical replacement of terms in connection with the provisions of that Act is to be as set forth in the following table:

Article 17-17Where, pursuant to the provisions of Article 171 of the Act, the provisions of Article 836, paragraph (1), Article 937, paragraph (3) (limited to the portions involving items (ii) and (iii)) and paragraph (4) of the Companies Act are applied mutatis mutandis to an action to invalidate a merger as set forth in Article 159, paragraph (1) of the Act, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 17-18Insurance Claims, etc. under Article 173-4, paragraphs (5) to (7) inclusive of the Act, are to be limited to the claims that have already arisen as of the time of public notice under paragraph (2) of that Article.

Article 17-19The creditors specified by Cabinet Order, referred to in Article 173-4, paragraph (12) of the Act, are, from among the persons who have rights under an insurance contract, the beneficiaries of a monetary trust in connection with the Insurance-Proceed Trust Services set forth in Article 99, paragraph (3) of the Act, and any other creditors, persons who are other than the known creditors referred to in Article 173-4, paragraph (2) of the Act.

Article 18Where, pursuant to the provisions of Article 174, paragraph (11) of the Act, the provisions of Article 73, paragraph (3) and Article 74, paragraph (1) of the Commercial Registration Act (including the case where these provisions are applied mutatis mutandis pursuant to Article 183, paragraph (2) of the Act) to a liquidator appointed by the Prime Minister, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 18-2Where, pursuant to the provisions of Article 180-5, paragraph (4) of the Act, the provisions of Article 937, paragraph (1) (limited to the portions involving sub-items (b) and (c) of item (ii)) of the Companies Act is applied mutatis mutandis to a liquidator as set forth in Article 180-5, paragraph (1) of the Act, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 18-3Where, pursuant to the provisions of Article 180-8, paragraph (4) of the Act, the provisions of Articles 353 to 355 inclusive, Article 356, paragraph (1), Article 357, paragraph (1), Article 360, paragraph (1) and Article 361, paragraph (1) of the Companies Act are applied mutatis mutandis to a liquidator, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 18-4(1)Where, pursuant to the provisions of Article 180-9, paragraph (5) of the Act, the provisions of Article 349, paragraph (4) and Article 351, paragraph (3) of the Companies Act are applied mutatis mutandis to the representative liquidator of a Mutual Company in Liquidation, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 180-9, paragraph (5) of the Act, the provisions of Article 352 of the Companies Act are applied mutatis mutandis to the person who is appointed by a provisional disposition order under Article 56 of the Civil Provisional Remedies Act (Act No. 91 of 1989) to perform duties on behalf of the liquidator or the representative liquidator of a Mutual Company in Liquidation, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

(3)Where, pursuant to the provisions of Article 180-9, paragraph (5) of the Act, the provisions of Article 937, paragraph (1) (limited to the portions involving items (b) and (c) of item (ii)) of the Companies Act is applied mutatis mutandis to a person who is to temporarily perform the duties of the representative liquidator of a Mutual Company in Liquidation, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 18-5Where, pursuant to the provisions of Article 180-14, paragraph (9) of the Act, the provisions of Articles 364 and 365 of the Companies Act are applied mutatis mutandis to a Mutual Company with a board of liquidators, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 18-6Where, pursuant to the provisions of Article 180-15 of the Act, the provisions of Article 366, Article 368, Article 369, paragraph (1) to (3) inclusive and paragraph (5), Article 370, Article 371, paragraphs (4) and (6) and Article 372, paragraph (1) of the Companies Act are applied mutatis mutandis to administration by the board of liquidators in a Mutual Company with a board of liquidators, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 18-7Where, pursuant to the provisions of Article 180-17 of the Act, the provisions of Article 496, paragraph (1) of the Companies Act are applied mutatis mutandis to a Mutual Company in Liquidation, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 18-8(1)Where, pursuant to the provisions of Article 183, paragraph (2) of the Act, the provisions of Article 928, paragraphs (1) and (3) and Article 929 (limited to the portion involving item (i)) of the Companies Act are applied mutatis mutandis to registration of a Mutual Company's liquidation, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 183, paragraph (2) of the Act, the provisions of Article 73, paragraphs (2) and (3), Article 74, paragraph (1) and Article 75 of the Commercial Registration Act are applied mutatis mutandis to registration of a Mutual Company's liquidation, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 18-9Where, pursuant to the provisions of Article 184 of the Act, the provisions of Article 521, Article 522, paragraph (2), Article 536, paragraph (3), Article 542, paragraph (1) and Article 938, paragraph (2) of the Companies Act are applied mutatis mutandis to a Mutual Company in Liquidation, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 19The insurance contract specified by Cabinet Order, referred to in the main clause of Article 186, paragraph (1) of the Act, is to be as follows:

Article 20The persons specified by Cabinet Order, referred to in Article 188, paragraph (1) of the Act, are to be the members of the United States armed forces, the civilians in the employ thereof, and the dependents thereof provided for in Article 1 of the "Agreement under Article VI of the Treaty of Mutual Cooperation and Security between Japan and the United States of America Regarding Facilities and Areas and the Status of United States Armed Forces in Japan," and any other non-residents as defined in Article 6, paragraph (1), item (vi) of the Foreign Exchange and Foreign Trade Act (Act No. 228 of 1949).

Article 21The provisions specified by Cabinet Order, as referred to in Article 188, paragraph (2) of the Act, are to be Article 192, paragraphs (5) and (6) of the Act; Article 194 of the Act; Article 196 of the Act; Article 197 of the Act; Article 97, paragraph (2), Article 97-2, paragraphs (1) and (2), Article 98, paragraph (1) (limited to the portion pertaining to item (ii) to (xi) inclusive) and paragraphs (3) to (9) inclusive, Article 99, Article 105-2, Article 111, paragraph (1) and paragraphs (3) to (6) inclusive, Article 112 and Articles 114 to 122 inclusive of the Act as applied mutatis mutandis pursuant to Article 199 of the Act; and Article 204, paragraph (1) of the Act (limited to the portion pertaining to the submission or change of the improvement plan).

Article 22(1)For the purpose of application of the provisions of Article 195 of the Act in relation to a Foreign Insurance Company, etc. licensed pursuant to Article 185, paragraph (1) of the Act under the conditions set forth in Article 188, paragraph (1) of the Act (hereinafter referred to as a "Conditionally Licensed Foreign Life Insurance Company, etc." in this Article and Article 24), the term "for each business year" and "within a reasonable period of time following the end of the business year" in that Article is deemed to be replaced with "for each business year designated by the Commissioner of the Financial Services Agency as said Commissioner may find necessary" and "no later than the date designated by the Commissioner of the Financial Services Agency," respectively.

(2)For the purpose of application of the provisions of Article 110, paragraph (1) of the Act as applied mutatis mutandis pursuant to Article 199 of the Act in relation to a Conditionally Licensed Foreign Life Insurance Company, etc., the term "for each business year in Japan" in that paragraph is deemed to be replaced with "for each business year in Japan that is designated by the Commissioner of the Financial Services Agency as said commissioner may find necessary."

(3)For the purpose of application of the provisions of Article 203 of the Act in relation to a Conditionally Licensed Foreign Life Insurance Company, etc., the term "Article 187, paragraph (3), item (ii) to (iv) inclusive" in that Article is deemed to be replaced with "Article 187, paragraph (3), item (ii)."

(4)For the purpose of application of provisions of Articles 123 to 125 inclusive of the Act as applied mutatis mutandis pursuant to Article 207 of the Act to where a Conditionally Licensed Foreign Insurance Company, etc. seeks to modify the particulars prescribed in the document set forth in Article 187, paragraph (3), item (ii) of the Act, the term "the documents specified in Article 187, paragraph (3), item (ii) to (iv) inclusive" in Article 123, paragraph (1) of the Act as applied mutatis mutandis pursuant to Article 207 of the Act are deemed to be replaced with "the documents specified in Article 187, paragraph (3), item (ii)"; the terms "particulars set forth in each of the following items" and "standards prescribed in the relevant item" in Article 124 of the Act as applied mutatis mutandis pursuant to Article 207 of the Act is deemed to be replaced with "particulars set forth in item (i)" and "standards prescribed in that item," respectively; the term "the documents specified in Article 187, paragraph (3), items (ii) and (iii)" in item (i) in that Article is deemed to be replaced with "the documents specified in Article 187, paragraph (3), item (ii)"; and the term "the standards listed in Article 5, paragraph (1), item (iii), sub-item (a) to (e) inclusive of or item (iv), sub-item (a) to (c) inclusive" in Article 125 of the Act as applied mutatis mutandis pursuant to Article 207 of the Act are deemed to be replaced with "the standards listed in Article 5, paragraph (1), item (iii), sub-item (a) to (e) inclusive".

Article 23(1)Where the provisions of Article 188, paragraph (1) of the Act apply, a Foreign Insurer filing an application for a license under Article 185, paragraph (1) of the Act (hereinafter referred to as "Application for a Conditional License" in this Article) must, in addition to the particulars listed in the items of Article 187, paragraph (1) of the Act, add a statement in its written application for a license under that paragraph, to the effect that its business will be limited to that related to insurance contracts whose insurance amounts are denominated in foreign currencies and in which the counterparties are the parties specified in Article 20.

(2)For the purpose of application of the provisions of Article 187, paragraph (3) of the Act in relation to a Foreign Insurer filing an Application for a Conditional License, the term "the following documents" in that paragraph is deemed to be replaced with "the documents specified in items (i) and (ii)."

(3)For the purpose of application of the provisions of Article 5, paragraph (1) of the Act as applied mutatis mutandis pursuant to Article 187, paragraph (5) of the Act to where an Application for a Conditional License has been filed, the term "the following standards" in the non-itemized part of the items of that paragraph is deemed to be replaced with "the standards set forth in item (i) to (iii) inclusive"; and the term "Article 187, paragraph (3), items (ii) and (iii)" in item (iii) of that paragraph is deemed to be replaced with "Article 187, paragraph (3), item (ii)."

Article 24The amount specified by Cabinet Order, referred to Article 190, paragraph (1) of the Act, is to be two hundred million yen for a Foreign Insurance Company, etc. (excluding a Conditionally Licensed Foreign Insurance Company, etc.); or ten million yen for a Conditionally Licensed Foreign Insurance Company, etc.

Article 25Where a Foreign Insurance Company, etc. concludes a contract as set forth in Article 190, paragraph (3) of the Act, it must have a Bank or other type of financial institution specified by Cabinet Office Ordinance as the other party thereto, and the terms and conditions thereunder must satisfy the following requirements:

Article 26(1)A person who holds rights as set forth in Article 190, paragraph (6) of the Act (hereinafter simply referred to as the "Rights" in this Article to Article 28 inclusive) may file petition for the fulfillment of those Rights with the Commissioner of the Financial Services Agency.

(2)Where a petition set forth in the preceding paragraph has been filed and where the Commissioner of the Financial Services Agency finds the petition to have reasonable grounds, said Commissioner must issue a public notice notifying persons who have a Right to the monies deposited pursuant to the provisions of Article 190, paragraph (1), (2), (4) or (8) of the Act that they must report their Rights within a fixed period of time not shorter than sixty days and that they will be excluded from the distribution process if they fail to report their Rights within that period, and said Commissioner must also notify the person who filed the petition under the preceding paragraph (hereinafter referred to as the "Petitioner" in the following paragraph and paragraph (4)) and the Foreign Insurance Company, etc. for which the deposit was made (where the Foreign Insurance Company, etc. has concluded a contract under Article 190, paragraph (3) of the Act, including the counterparty to said contract; the same applies in paragraphs (4) and (5)) to that effect.

(3)Once the public notice under the preceding paragraph has been given, even in the event that the Petitioner withdraws a petition, this does not prevent the procedures for the fulfillment of the Rights from proceeding.

(4)The Commissioner of the Financial Services Agency must assess the Rights without delay after the period set forth in paragraph (2) has elapsed.In this case, the Commissioner of the Financial Services Agency must give public notice of the date and place and notify the Foreign Insurance Company, etc. of such information, in advance, and afford the Petitioner, any person who has reported their own Rights within the designated period, and the Foreign Insurance Company, etc. an opportunity to introduce evidence and to express their opinions as to the existence of the Rights and the amount of the claims secured by such Rights.

(5)The Commissioner of the Financial Services Agency must , without delay, prepare a distribution list based on the results of the assessment under the preceding paragraph, must put such list on public notice, and must notify the Foreign Insurance Company, etc. thereof.

(6)The distribution is to be implemented in accordance with the distribution list set forth in the preceding paragraph, after eighty days have elapsed since the day that the public notice was given under the preceding paragraph.

Article 27(1)A person who has deposited monies pursuant to the provisions of Article 190, paragraph (10) of the Act (hereinafter referred to as the "Depositor" in the following paragraph) may, where any of the items of paragraph (10) of that Article applies, file a petition for recovery of the deposit under that paragraph (hereinafter referred to as "Recovery of the Deposit" in this Article) with the Commissioner of the Financial Services Agency; provided, however, that this does not apply to the period during which the procedures for the fulfillment of Rights under the preceding Article are still pending.

(2)Where a petition under the preceding paragraph has been filed, when, in addition to the Depositor who has filed said petition, there is any other Depositor in connection with the relevant deposit, the petition for Recovery of the Deposit is deemed to have been filed by said other Depositor as well.

(3)Where a petition set forth in paragraph (1) has been filed, the Commissioner of the Financial Services Agency must issue a public notice notifying persons who have a Right to the deposited monies that they must report their Rights within a fixed period of time not shorter than sixty days and that they will be excluded from the distribution process if they fail to report their Rights within that period, and said Commissioner must also notify the party that formerly was the Foreign Insurance Company, etc. for which said deposit was made (where that party has concluded a contract under Article 190, paragraph (3) of the Act, the counterparty to said contract is to be included).

(4)Where no Rights have been reported within the period of time specified in the preceding paragraph, the Commissioner of the Financial Services Agency is to approve the Recovery of the Deposit.

(5)The provisions of paragraphs (4) to (6) inclusive of the preceding Article apply mutatis mutandis to where Rights have been reported within the period set forth in paragraph (3). In such case, the term "paragraph (2)" in paragraph (4) of the preceding Article is deemed to be replaced with "paragraph (3) of the following Article"; the term "notify the Foreign Insurance Company, etc. of such information, and afford the Petitioner" in that paragraph is deemed to be replaced with "notify the party who was formerly the Foreign Insurance Company, etc. connected to said deposit (where that party has concluded a contract under Article 190, paragraph (3) of the Act, the counterparty to said contract is to be included; hereinafter referred to as the "Parties Relevant to the Deposit" in paragraph (3) and the following paragraph), and afford"; the term "and the Foreign Insurance Company, etc." is deemed to be replaced with "and the Parties Relevant to the Deposit"; and the term "the Foreign Insurance Company, etc." in paragraph (5) of that Article is deemed to be replaced with "the Parties Relevant to the Deposit."

(6)Where any Rights have been reported within the period set forth in paragraph (3), the Commissioner of the Financial Services Agency is to grant approval for the Recovery of the Deposit, only to the extent of the amount remaining after completion of the procedures under paragraph (4) to (6) inclusive of the preceding Article as applied mutatis mutandis pursuant to the preceding paragraphs, if any.

Article 28where any securities have been deposited pursuant to the provisions of Article 190, paragraph (9) of the Act, and where it is necessary for fulfillment of the Rights, the Commissioner of the Financial Services Agency may realize such securities.In this case, the expenses incurred in relation to the realization of such securities are deducted from the proceeds of the realization.

Article 28-2(1)The reference, in Article 193-2, paragraph (2) of the Act, to a person specified by Cabinet Order means a person that is listed in the following items:

(2)The reference, in Article 193-2, paragraph (2) of the Act, to a person engaged in financial business specified by Cabinet Order means a person that is listed in the items of paragraph (2) of Article 13-8 (excluding items (iv), (vi) and (vii)).

(3)The reference, in Article 193-2, paragraph (3) of the Act, to a person specified by Cabinet Order means a person that is listed in the following items :

(4)The reference , in Article 193-2, paragraph (3) of the Act, to a person engaged in financial business specified by Cabinet Order means a person that is specified in Article 13-8, paragraph (2), item (i) to (iii) inclusive and items (x) and (xi).

Article 29The reference, in the main clause of Article 194 of the Act, to a person to which a Foreign Insurance Company, etc. is specially related as specified by Cabinet Order means a person that is listed in the following items:

Article 29-2(1)Where, pursuant to the provisions of Article 198, paragraph (1) of the Act, the provisions of Article 10, Article 12, paragraph (1) and Article 13 of the Companies Act are applied mutatis mutandis to the employees of a Foreign Mutual Company, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 198, paragraph (1) of the Act, the provisions of Article 17, paragraph (1) the Companies Act are applied mutatis mutandis to the person acting as an agent or intermediary in transactions for a Foreign Mutual Company, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

(3)Where, pursuant to the provisions of Article 198, paragraph (1) of the Act, the provisions of Articles 22 and 23 of the Companies Act are applied mutatis mutandis to where a Foreign Mutual Company either transfers its business, or acquires business or operations, the technical replacement of terms in connection with these provisions is to be as set forth in the following table:

Article 30The insurance contracts specified by Cabinet Order, referred to in Article 135, paragraph (2) of the Act as applied mutatis mutandis pursuant to Article 210, paragraph (1) of the Act, are to be as follows:

Article 30-2(1)Where, pursuant to the provisions of Article 215 of the Act, the provisions of Article 933, paragraph (1) (excluding item (i)), paragraph (2) (excluding item (vii)), paragraph (3) and paragraph (4), Article 934, paragraph (2), Article 935, paragraph (2) and Article 936, paragraph (2) of the Companies Act are applied mutatis mutandis to the registration of a Foreign Mutual Company, the technical replacement of terms connection with in these provisions is to be as set forth in the following table:

(2)Where, pursuant to the provisions of Article 215 of the Act, the provisions of Article 933, paragraph (4) of the Companies Act are applied mutatis mutandis to the registration of a Foreign Mutual Company, the technical replacement of terms in connection with the provisions of Article 915, paragraph (1) of that Act as applied mutatis mutandis pursuant to Article 933, paragraph (4) of that Act is to be as set forth in the following table:

Article 30-3Where, pursuant to the provisions of Article 216 of the Act, the provisions of the Commercial Registration Act are applied mutatis mutandis to the registration of a Foreign Mutual Company, the technical replacement of terms in connection with the provisions of that Act (including the provisions of that Act as applied mutatis mutandis to such provisions) is to be as set forth in the following table:

Article 30-4Where, pursuant to the provisions of Article 217, paragraph (3) of the Act, the provisions of Article 946, paragraph (3) of the Companies Act are applied mutatis mutandis to the case where a Foreign Mutual Company, etc. gives a public notice under the Insurance Business Act or any other Act by means of electronic public notice, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 31The amount specified by Cabinet Order, referred to in Article 223, paragraph (1) of the Act, is to be two hundred million yen.

Article 32Where a Licensed Specified Corporation concludes a contract as set forth in Article 223, paragraph (3) of the Act, it must have a Bank or other type of financial institution specified by Cabinet Office Ordinance as the other party thereto, and the terms and conditions thereunder must satisfy the following requirements:

Article 33(1)A person who holds the rights as set forth in Article 223, paragraph (6) of the Act (hereinafter simply referred to as the "Rights" in this Article to Article 35 inclusive) may file a petition for the fulfillment of those Rights with the Commissioner of the Financial Services Agency.

(2)Where a petition set forth in the preceding paragraph has been filed and where the Commissioner of the Financial Services Agency finds the petition to have reasonable grounds, said Commissioner must issue a public notice notifying persons who have a Right to the monies deposited pursuant to the provisions of Article 223, paragraph (1), (2), (4) or (9) of the Act that they must report their Rights within a fixed period of time not shorter than sixty days and that they will be excluded from the distribution process if they fail to report their Rights within that period, and said Commissioner must also notify the person who filed the petition under the preceding paragraph (hereinafter referred to as the "Petitioner" in the following paragraph and paragraph (4)) and the Licensed Specified Corporation for which such deposit was made (where the Licensed Specified Corporation has concluded a contract under Article 223, paragraph (3) of the Act, including the counterparty to said contract; the same applies in paragraphs (4) and (5)) to that effect.

(3)Once the public notice under the preceding paragraph has been given, even in the event that the Petitioner withdraws a petition, this does not prevent the procedures for the fulfillment of the Rights from proceeding.

(4)The Commissioner of the Financial Services Agency must assess the Rights without delay after the period set forth in paragraph (2) has elapsed.In this case, the Commissioner of the Financial Services Agency must give public notice of the date and place and notify the Licensed Specified Corporation of such information, in advance, and afford the Petitioner, any person who has reported their own Rights within the designated period, and the Licensed Specified Corporation an opportunity to introduce evidence and to express their opinions as to the existence of the Rights and the amount of the claims secured by such Rights.

(5)The Commissioner of the Financial Services Agency must, without delay, prepare a distribution list based on the results of the assessment under the preceding paragraph, must put such list on public notice, and must notify the Licensed Specified Corporation thereof.

(6)The distribution is to be implemented in accordance with the distribution list set forth in the preceding paragraph, after eighty days have elapsed since the day that the public notice was given under the preceding paragraph.

Article 34(1)A person who has deposited monies pursuant to the provisions of Article 223, paragraph (11) of the Act (hereinafter referred to as the "Depositor" in the following paragraph) may, where any of the items of paragraph (11) of that Article applies, file a petition for the recovery of the deposit under that paragraph (hereinafter referred to as the "Recovery of the Deposit" in this Article) with the Commissioner of the Financial Services Agency; provided, however, that this does not apply during the period when the procedures for fulfillment of the Rights under the preceding Article are still pending.

(2)Where a petition under the preceding paragraph has been filed, when, in addition to the Depositor who has filed said petition, there is any other Depositor in connection to such deposit, the petition for the recovery of said deposit is deemed to have been filed by said other Depositor as well.

(3)Where a petition as set forth in paragraph (1) has been filed, the Commissioner of the Financial Services Agency must issue a public notice notifying persons who have a Right to the deposited monies that they must report their Rights within a fixed period of time not shorter than sixty days and that they will be excluded from the distribution process if they fail to report their Rights within that period, and said Commissioner must also notify the party that formerly was the Licensed Specified Corporation for which said deposit was made (where that party has concluded a contract under Article 223, paragraph (3) of the Act, the counterparty to said contract is to be included).

(4)Where no Rights have been reported within the period of time specified in the preceding paragraph, the Commissioner of the Financial Services Agency is to approve the Recovery of the Deposit.

(5)The provisions of paragraphs (4) to (6) inclusive of the preceding Article apply mutatis mutandis to where any Rights have been reported within the period of time set forth in paragraph (3). In such case, the term "paragraph (2)" in paragraph (4) of the preceding Article is deemed to be replaced with "paragraph (3) of the following Article"; the term "notify the Licensed Specified Corporation of such information, and afford the Petitioner" in that paragraph is deemed to be replaced with "notify the party who was formerly the Licensed Specified Corporation for which said deposit was made (where that party has concluded a contract under Article 190, paragraph (3) of the Act, the counterparty to said contract is to be included; hereinafter referred to as the "Parties Relevant to the Deposit" in paragraph (3) and the following paragraph), and afford"; the term "and the Licensed Specified Corporation " in that paragraph is deemed to be replaced with "and the Parties Relevant to the Deposit"; and the term "the Licensed Specified Corporation" in paragraph (5) of that Article is deemed to be replaced with "the Parties Relevant to the Deposit."

(6)Where any Rights have been reported within the period set forth in paragraph (3), the Commissioner of the Financial Services Agency is to grant approval for Recovery of the Deposit, to the extent of the amount remaining after completion of the procedures under paragraphs (4) to (6) inclusive of the preceding Article as applied mutatis mutandis pursuant to the preceding paragraph, if any.

Article 35Where any securities have been deposited pursuant to the provisions of Article 223, paragraph (10) of the Act, when it is necessary for fulfillment of the Rights, the Commissioner of the Financial Services Agency may realize such securities.In this case, the expenses incurred in relation to the realization of said securities are deducted from the proceeds of the realization.

Article 36The laws and regulations specified by Cabinet Order, referred to in Article 240, paragraph (2) of the Act, are to be the Building Lots and Buildings Transactions Business Act (Act No. 176 of 1952), the Act on Compensation for Nuclear Damage (Act No. 147 of 1961), the Act on Contracts for Indemnification of Nuclear Damage (Act No. 148 of 1961), the Act on Prevention of the Transfer of Criminal Proceeds (Act No. 22 of 2007), the Order for Enforcement of the Trade and Investment Insurance Act (Cabinet Order No. 141 of 1953), Order for Enforcement of the Financial Instruments and Exchange Act (Cabinet Order No. 321 of 1965), the Order for Enforcement of the Act on Liability for Oil Pollution Damage (Cabinet Order No. 11 of 1976), the Order for Enforcement of the Act on Limitation of Shipowner Liability (Cabinet Order No. 248 of 1976), the Order for Enforcement of the Act on the Regulation of Membership Contracts concerning Golf Courses and Related Facilities (Cabinet Order No. 19 of 1993), the Order for Enforcement of the Act on Concurrent Engagement, etc. in Trust Business by Financial Institutions (Cabinet Order No. 31 of 1993) and the Order for Enforcement of the Trust Business Act (Cabinet Order No. 427 of 2004); an Underwriting Member of a Licensed Specified Corporation is deemed to be a Foreign Insurance Company, etc. for the purpose of application of the following provisions: Article 41, paragraph (1) of the Building Lots and Buildings Transaction Business Act (limited to the portion involving item (ii)), Article 2, paragraph (2), item (xvii) of the Act on Prevention of the Transfer of Criminal Proceeds, Article 15-13 of the Order for Enforcement of the Financial Instruments and Exchange Act, the Order for Enforcement of the Act on Limitation of Shipowner Liability (limited to the portion involving item (vii)), Article 2 of the Order for Enforcement of the Act on the Regulation of Membership Contracts concerning Golf Courses and Related Facilities, Article 5 of the Order for Enforcement of the Act on Concurrent Engagement, etc. in Trust Business by Financial Institutions and Article 10 of the Order for Enforcement of the Trust Business Act; and the Underwriting Member of a party that has obtained a specified non-life insurance business license is deemed to be a Foreign Non-Life Insurance Company, etc. for the purpose of application of the following provisions: Article 8 of the Act on Compensation for Nuclear Damage, Article 18, paragraph (1) of the Act on Contracts for Indemnification of Nuclear Damage, Article 28 of the Order for Enforcement of the Trade and Investment Insurance Act and Article 2, paragraph (1) (limited to the portion involving item (iii)) and paragraph (2) (limited to the portion of item (i) which pertains to item (iii), paragraph (1) of that Article) of the Order for Enforcement of the Act on Liability for Oil Pollution Damage.

Article 36-2The insurance contracts specified by Cabinet Order, referred to in Article 240-2, paragraph (4) of the Act, are to be as follows:

Article 36-3The rate specified by Cabinet Order, referred to in Article 240-4, paragraph (2) of the Act, is to be three percent per annum.

Article 36-4The rights specified by Cabinet Order, referred to in Article 245, item (i) of the Act, are to be as follows:

Article 37The rights specified by Cabinet Order, referred to in Article 88, paragraph (6) or Article 165-24, paragraph (6) of the Act as applied mutatis mutandis pursuant to Article 70, paragraph (6), Article 165-17, paragraph (4) (including cases where applied mutatis mutandis pursuant to Article 165-20 of the Act), as further applied mutatis mutandis to Article 165-7, paragraph (4) of the Act as applied by replacing certain terms under Article 255, paragraph (2) of the Act (including cases where applied mutatis mutandis pursuant to Article 165-12 of the Act), are to be the rights specified in the items of Article 3.

Article 37-2The Insurance Companies specified by Cabinet Order, referred to in Article 265-2, paragraph (1) of the Act, are to be as follows:

Article 37-3The reference, in Article 265-3, paragraph (2) of the Act, to a person specified by Cabinet Order means a person that is listed in the following items:

Article 37-4The amount specified by Cabinet Order, referred to in Article 265-42 of the Act, is to be as follows: 460 billion yen for a Life Insurance Policyholders Protection Corporation (meaning a Life Insurance Policyholders Protection Corporation as defined in Article 265-37, paragraph (1) of the Act; the same applies hereinafter); or 50 billion yen for a Non-Life Insurance Policyholders Protection Corporation (meaning a Non-Life Insurance Policyholders Protection Corporation as defined in Article 265-37, paragraph (2) of the Act; the same applies hereinafter).

Article 37-4-2The amount calculated in accordance with the provisions of Cabinet Order, referred to in Article 270-3-9 of the Act, is to be the lesser of the amounts set forth in item (i) or (ii), calculated for each business year of the Successor Insurance Company Under the Agreement (meaning the Successor Insurance Company Under the Agreement under Article 270-3-6, paragraph (1), item (i); the same applies hereinafter).

Article 37-4-3Where, pursuant to the provisions of Article 270-4, paragraph (9) of the Act, the provisions of Article 136-2, paragraph (1) of the Act are applied mutatis mutandis to transfer of insurance contracts from a Bankrupt Insurance Company to an Affiliated Corporation in relation to the Underwriting of Insurance Contracts, the technical replacement of terms in connection with the relevant provisions is to be as set forth in the following table:

Article 37-4-4The amount calculated in accordance with Cabinet Order, referred to in Article 270-5, paragraph (4) of the Act, is to be the amount equivalent to the losses in the Special Insurance Account (meaning a Special Insurance Account pursuant to Article 265-40 of the Act; the same applies hereinafter) resulting from the settlement of profits and losses, as specified by Cabinet Office Ordinance and Ordinance of Ministry of Finance.

Article 37-4-5The laws and regulations specified by Cabinet Order, as referred to in Article 270-6, paragraph (3) of the Act, are to be as follows: the Temporary Interest Rate Adjustment Act (Act No. 181 of 1947), the Fire and Disaster Management Act (Act No. 186 of 1948), the Act on Non-Life Insurance Rating Organization of Japan (Act No. 193 of 1948), the Inheritance Tax Act (Act No. 73 of 1950), the Ship Owner's Mutual Insurance Union Act (Act No. 177 of 1950), the Local Tax Act (Act No. 226 of 1950), the Certified Public Tax Accountant Act (Act No. 237 of 1951), the Act on Compensation of Damages Related to Fishing Vessels (Act No. 28 of 1952), the Act Regulating the Receipt of Contributions a,Receipt of Deposits, and Interest Rates (Act No. 195 of 1954), the Housing Loan Insurance Act (Act No. 63 of 1955), the Automobile Liability Security Act (Act No. 97 of 1955), the Act on Reserve Requirement System (Act No. 135 of 1957), the National Pension Act (Act No. 141 of 1959), the Act on Compensation for Nuclear Damage, the Income Tax Act (Act No. 33 of 1965), the Corporation Tax Act (Act No. 34 of 1965), the Act on Earthquake Insurance (Act No. 73 of 1966), the Stamp Tax Act (Act No. 23 of 1967), the Workers' Property Accumulation Promotion Act (Act No. 92 of 1971), the Act on Liability for Oil Pollution Damage (Act No. 95 of 1975), the Defined-Benefit Corporate Pension Act (Act No. 50 of 2001), the Act on Prevention of Transfer of Criminal Proceeds, the Cabinet Order on Budgets, the Settlement of Accounts and Accounting (Imperial Ordinance No. 165 of 1947), the Order for Enforcement of the Inheritance Tax Act (Cabinet Order No. 71, 1950), the Order for Small and Medium-sized Enterprise Credit Insurance Act (Cabinet Order No. 350 of 1950), the Order for Enforcement of the Act on Compensation of Damages Related to Fishing Vessels (Cabinet Order No. 68 of 1952), the Order for Enforcement of the Certified Public Accountants Act (Cabinet Order No. 343 of 1952), the Order for Enforcement of the Trade and Investment Insurance Act, the Order for Enforcement of the Customs Act (Cabinet Order No. 150 of 1954), the Order for Enforcement of the Automobile Liability Security Act (Cabinet Order No. 286 of 1955), the Order for Determination of Amount of Automobile Liability Security Business Charge (Cabinet Order No. 316 of 1955), the Order for Enforcement of the Act on Special Measures Concerning Taxation (Cabinet Order No. 43 of 1957), the Order for Enforcement of the Installment Sales Act (Cabinet Order No. 341 of 1961), the Order for Enforcement of the Income Tax Act (Cabinet Order No. 96 of 1965), the Order for Enforcement of the Corporation Tax Act (Cabinet Order No. 97 of 1965), the Order for Enforcement of the Financial Instruments and Exchange Act, the Order for Enforcement of the Act on Earthquake Insurance (Cabinet Order No. 164 of 1966), the Order for Enforcement of the Stamp Tax Act (Cabinet Order No. 108 or 1967), the Order for Enforcement of the Act on Temporary Measures concerning Interest Subsidy Related to Loan for Building Vessels for Overseas Services (Cabinet Order No. 195 of 1969), the Order for Enforcement of the Act on Liability for Oil Pollution Damage, the Order for Enforcement of the Act on Limitation of Liability of Shipowners, the Order for Asset Saving Projects for National Public Officers to be Implemented by National Public Officers Mutual Aid Association and Federation of National Public Officers Mutual Aid Association (Cabinet Order No. 199 of 1977), the Order for Asset Saving Projects for Local Public Officers to be Implemented by Local Public Officers Mutual Aid Association, etc. (Cabinet Order No. 25 of 1978), the Order for Enforcement of the Act on the Regulation of Membership Contracts concerning Golf Courses and Related Facilities, the Order for Enforcement of the Act on Provision, etc. of Trust Business by Financial Institutions, the Order for Enforcement of the Trust Business Act, the Order for Enforcement of the Japan Finance Corporation Act (Cabinet Order No. 143 of 2008), and the Order for Enforcement of the Act on Financial Settlements (Cabinet Order No. 19 of 2010); the Policyholders Protection Corporation is deemed as an Insurance Company for the purpose of application of the following provisions: Article 1, paragraph (1) of the Temporary Interest Rate Adjustment Act, Article 33 of the Fire and Disaster Management Act, Article 59, paragraph (1), item (i) of the Inheritance Tax Act, Article 5, paragraph (1), item (i), sub-item (c) of the Certified Public Tax Accountant Act, Article 112, paragraph (7) of the Act on Compensation of Damages Related to Fishing Vessels, Article 3 of the Act on Regulation of Receiving of Capital Subscription, Deposits, and Interest Rates, etc., Article 2, item (iii) of the Housing Loan Insurance Act, Article 174, item (viii) of the Income Tax Act, Article 14, paragraph (2) and Article 39-5, paragraph (2) of the Act on Liability for Oil Pollution Damage, Article 2, paragraph (2), item (xvi) of the Act on Prevention of Transfer of Criminal Proceeds, Article 77, item (i) and Article 100-3, items (i) and (ii) of the Order for Budget Settlement and Accounting, Article 1-2, item (x) of the Order for Enforcement of the Small and Medium-sized Enterprise Credit Insurance Act, Article 24 of the Order for Enforcement of the Act on Compensation of Damages Related to Fishing Vessels, Article 2, paragraph (1), item (ii) of the Order for Enforcement of the Certified Public Accountants Act, Article 62-7, paragraph (1) and Article 62-21, paragraph (1) of the Order for Enforcement of the Customs Act, the Order for Enforcement of the Automobile Liability Security Act, Article 1 of the Order for Determination of Automobile Liability Security Business Charge, Article 7 of the Order for Enforcement of the Installment Sales Act, Article 84 of the Order for Enforcement of the Corporation Tax Act, Article 1-9, item (ii) (limited to the portion pertaining to Article 27-28, paragraph (3) of the Financial Instruments and Exchange Act) and Article 15-13 of the Order for Enforcement of the Financial Instruments and Exchange Act, Article 22, item (ii) of the Order for Enforcement of the Stamp Tax Act, Article 1, item (iii) of the Order for Enforcement of the Act on Temporary Measures concerning Interest Subsidy Related to Loan for Building Vessels for Overseas Services, item (vi) of the Order for Enforcement of the Act on Limitation of Liability of Shipowners, Article 2 of the Order for Enforcement of the Act on the Regulation of Membership Contract concerning Golf Courses and Related Facilities, Article 5 of the Order for Enforcement of the Act on Engagement in Trust Business by a Financial Institution, Article 10 of the Order for Enforcement of the Trust Business Act, Articles 11 and 13 of the Japan Finance Corporation Act, and Article 8, paragraph (2), item (i) and Article 16, paragraph (2) of the Order for Enforcement of the Act on Financial Settlements; the Life Insurance Policyholders Protection Corporation is deemed as a Life Insurance Company for the purpose of application of the following provisions: Article 2, paragraph (2) of the Act on Non-Life Insurance Rating Organization of Japan, Article 34, paragraph (1), item (v) and paragraph (8), and Article 314-2, paragraph (1), item (v) and paragraph (8) of the Local Tax Act, Article 2, paragraph (1), item (vii) of the Act on Reserve Requirement System, Article 128, paragraph (5) and Article 137-15, paragraph (6) of the National Pension Act, Article 76, paragraph (5), item (i) and paragraph (6), item (iv), Article 161, item (x) and Article 225, paragraph (1), item (iv) of the Income Tax Act, Appended Table No. 3 of the Stamp Tax Act, Article 6, Article 6-2 and Article 12 of the Workers' Property Accumulation Promotion Act, Article 91-18, paragraph (7) and Article 93 of the Defined-Benefit Corporate Pension Act, Article 1-2, paragraph (1), item (i) of the Order for Enforcement of the Inheritance Tax Act, Article 30, item (i), Article 76, paragraph (2), item (i), Article 183, paragraph (3), item (i), Article 209, paragraph (1), Article 280, paragraph (1), item (iii), Article 298, paragraph (6), item (i) and Article 326, paragraph (2), item (i) of the Order for Enforcement of the Income Tax Act, Article 145-3, item (iii), Article 145-9 and Article 177, item (iii) of the Order for Enforcement of the Corporation Tax Act and Article 16, paragraph (1), Article 17 and Article 18 of the Supplementary Provisions for the Order for Enforcement of the Corporation Tax Act, Article 4 of the Order for Asset Saving Projects for National Public Officers to be Implemented by National Public Officers Mutual Aid Association and Federation of National Public Officers Mutual Aid Association and Article 4 of the Order for Asset Saving Projects for Local Public Officers to be Implemented by Local Public Officers Mutual Aid Association, etc.; and the Non-Life Insurance Policyholders Protection Corporation is deemed as a Non-Life Insurance Company for the purpose of application of the following provisions: Article 2, paragraph (1), item (iv), Article 3, paragraphs (1) and (2), Article 6, Article 7 and Article 10, paragraph (1) of the Act on Non-Life Insurance Rating Organization of Japan, Article 8 of the Ship Owner's Mutual Insurance Union Act, Article 34, paragraph (1), item (v) and paragraph (8) and Article 314-2, paragraph (1), item (v) and paragraph (8) of the Local Tax Act, the Automobile Liability Security Act, Article 8 of the Act on Compensation for Nuclear Damage, Article 9, paragraph (1), item (xvii), Article 76, paragraph (6), item (iv), Article 77, paragraph (2), item (i), Article 161, item (x) and Article 225, paragraph (1), item (v) of the Income Tax Act, the Act on Earthquake Insurance, Appended Table No. 3 of the Stamp Tax Act, Article 6, Article 6-2 and Article 12 of the Workers' Property Accumulation Promotion Act, Article 1-2, paragraph (2), item (i) of the Order for Enforcement of the Inheritance Tax Act, Article 28 of the Order for Enforcement of the Trade and Investment Insurance Act, Article 30, item (i), Article 184, paragraph (2), , Article 298, paragraph (6), item (ii), Article 320, paragraph (2) and Article 326, paragraph (2), item (i) of the Order for Enforcement of the Income Tax Act, Article 145-3, item (iii), Article 145-9 and Article 177, item (iii) of the Order for Enforcement of the Corporation Tax Act, Article 3 of the Order for Enforcement of the Act on Earthquake Insurance, Article 2, paragraph (1), item (iii) and Article 2, paragraph (2), item (i) (limited to the portion pertaining to item (iii), paragraph (1) of that Article) of the Order for Enforcement of the Act on Liability for Oil Pollution Damage, Article 4 of the Order for Asset Saving Projects for National Public Officers to be Implemented by National Public Officers Mutual Aid Association and Federation of National Public Officers Mutual Aid Association, and Article 4 of the Order for Asset Saving Projects for Local Public Officers to be Implemented by Local Public Officers Mutual Aid Association, etc.

Article 37-4-6The rights specified by Cabinet Order, referred to in Article 270-6-8, paragraph (1) of the Act, are to be as follows:

Article 37-4-7(1)For the purpose of application of Article 4-2, paragraphs (2) and (9) of the Act on Special Measures Concerning Taxation (Act No. 26 of 1957), where an event has occurred, in connection with a workers' housing fund savings contract referred to in Article 4-2, paragraph (1) of that Act or in connection with performance of the obligations thereunder, that has rendered any of the requirements set forth in Article 6, paragraph (4), item (ii), sub-item (c) or (d) or in Article 6, paragraph (4), item (c) or (d) of the Workers' Property Accumulation Promotion Act non-applicable, when such event has occurred due to a Purchase of Insurance Claims, etc. (meaning a Purchase of Insurance Claims, etc. as set forth in Article 270-6-8, paragraph (1) of the Act; hereinafter the same applies in the following paragraph), such event is deemed not to fall under the case specified by Cabinet Order that is referred to in Article 4-2, paragraph (2) of the Act on Special Measures Concerning Taxation or the event set forth in paragraph (9) of that Article.

(2)For the purpose of application of Article 4-3, paragraphs (2) and (10) of the Act on Special Measures Concerning Taxation, where an event has occurred, in connection with a workers' pension savings contract set forth in Article 4-3, paragraph (1) of that Act or in connection with performance of the obligations thereunder, that has rendered any requirement set forth in Article 6, paragraph (2), item (ii), sub-item (b) or (c) or in Article 6, paragraph (2), item (iii), sub-item (b) or (c) of the Workers' Property Accumulation Promotion Act non-applicable, when such an event has occurred due to a Purchase of Insurance Claims, etc., such event is deemed not to fall under the case specified by Cabinet Order that is referred to in Article 4-3, paragraph (2) of the Act on Special Measures Concerning Taxation or the event set forth in paragraph (10) of that Article.

Article 37-5The corporations specified by Cabinet Order as being equivalent to the State and local governments, referred to in Article 271-3, paragraph (1) of the Act, are to be as follows:

Article 37-5-2The holidays specified by Cabinet Order, referred to in Article 271-3, paragraph (1) of the Act, are to be the days (excluding Sundays) specified in the items of Article 1, paragraph (1) of the Act on the Holidays of Administrative Organs (Act No. 91 of 1988).

Article 37-5-3The standards specified by Cabinet Order for a case where a large number of voting rights have been transferred within in a short period, referred to in Article 271-4, paragraph (2) of the Act, are to be that the new Proportion of Voting Rights Held (meaning the Proportion of Voting Rights Held as defined in Article 271-3, paragraph (1), item (i) of the Act; hereinafter the same applies in this Article) that is to be detailed in the Statement of Changes set forth in that paragraph has come to be less than half of the highest Proportion of Voting Rights Held, among the Proportions of Voting Rights Held (limited to proportions calculated as of a record date that falls on or after the day sixty days prior to the new record date for the calculation of the new Proportion of Voting Rights Held, and proportions calculated as of a record date that falls on or before the day immediately preceding the day sixty days prior to said new record date whose record date is the closest to the sixty days prior to said new record date) that were detailed or was required to have been have been detailed in the Statement of Insurance Company Voting Right Holdings (meaning the Statement of Insurance Company Voting Right Holdings as set forth in Article 271-3, paragraph (1) of Article 271-5, paragraph (1) of the Act) in connection with the relevant Statement of Changes or in any other Statement of Changes (meaning a Statement of Changes as set forth in Article 271-4, paragraph (1) or Article 271-5, paragraph (2) of the Act) in connection with the relevant Statement of Insurance Company Voting Right Holdings, and that it has decreased by greater than five percent from said highest proportion.

Article 37-5-4The transactions or acts specified by Cabinet Order, referred to in Article 271-10, paragraph (1), item (iii) of the Act, are to as follows:

Article 37-5-5The technical replacement of terms for applying the provisions of the Act to the Major Foreign Shareholders of an Insurance Company (meaning the Major Foreign Shareholders of an Insurance Company under Article 271-17 of the Act; the same applies hereinafter) pursuant to the provisions of Article 271-17 of the Act, is to be as set forth in the following table:

Article 37-5-6The transactions and acts specified by Cabinet Order, referred to in Article 271-18, paragraph (1), item (iii) of the Act, are to as follows:

Article 37-5-7(1)The types of company split specified by Cabinet Order, referred to in Article 271-31, paragraph (2) of the Act, are to be the following types of company split (limited to a company split in which the relevant company succeeds to a part of business or causes a part of business to be succeeded to; hereinafter the same applies in this Article):

(2)For the purpose of application of the provisions of the preceding paragraph, the amount of assets (excluding assets as set forth in sub-item (a), item (ii) of that paragraph; hereinafter the same applies in this paragraph) or liabilities, or the amount of total assets or total liabilities as referred to in that paragraph is to be based on the book value (for assets or liabilities to be succeeded to in a company split as referred to in item (ii) of that paragraph, meaning the book value to be assigned upon such company split) immediately prior to the company split.

Article 37-6(1)The transfers and acquisitions of business specified by Cabinet Order, referred to in Article 271-31, paragraph (3) of the Act, are to be transfers and acquisitions of business specified in the following items:

(2)For the purpose of application of the provisions of the preceding paragraph, the amount of assets or liabilities, or the amount of total assets or total liabilities as referred to in that paragraph is to be based on the book value as of the time immediately prior to the implementation of the transfer for a transfer of business referred to in item (i) of that paragraph, or based on the book value (with regard to assets or liabilities to be acquired, meaning the book value to be assigned upon the implementation of the acquisition) as of the time immediately prior to the acquisition for an acquisition of business referred to in item (ii) of that paragraph.

Article 37-7The technical replacement of terms for applying the provisions of the Act to a Holding Company whose Subsidiary Companies include an Insurance Company and that was incorporated in accordance with the laws and regulations of a foreign state (hereinafter referred to as a "Foreign Holding Company Whose Subsidiary Companies Include an Insurance Company") pursuant to the provisions of Article 271-17 of the Act as applied mutatis mutandis pursuant to Article 271-20 of that Act, is to be as set forth in the following table:

Article 37-8Notwithstanding the provisions of Article 27-18, paragraph (2) of the Act, where a Specified Holding Company as referred to in that paragraph is a Foreign Holding Company Whose Subsidiary Companies Include an Insurance Company, said Foreign Holding Company Whose Subsidiary Companies Include an Insurance Company, within six months from the end of the business year that includes the day on which the grounds specified in that paragraph have occurred, is to notify the Commissioner of the Financial Services Agency of the particulars specified in that paragraph; provided, however, that where, due to the laws and regulations or practices of its home state (meaning the State that has enacted the laws and regulations governing the incorporation of the Foreign Holding Company Whose Subsidiary Companies Include an Insurance Company) that are applicable to the preparation of business accounting books or any other justifiable reasons, it is unable to file the relevant notification within the six-month period, the due date may be extended, subject to the approval of the Commissioner of the Financial Services Agency.

Article 37-9(1)The reference, in Article 271-21-2, paragraph (2) of the Act, to a person specified by Cabinet Order means a person that is listed in the following items:

(2)The reference, in Article 271-21-2, paragraph (2) of the Act, to a person conducting financial business that is specified by Cabinet Order means a person that is specified in the items of paragraph (2) of Article 13-8.

(3)The reference, in Article 271-21-2, paragraph (3) of the Act, to a person specified by Cabinet Order means a person that is listed in the following items:

(4)The reference, in Article 271-21-2, paragraph (3) of the Act, to a person conducting financial business that is specified by Cabinet Order means a person that is specified in Article 13-8, paragraph (2), item (i) to (iii) inclusive, and items (x) and (xi).

Article 38The standard specified by Cabinet Order, referred to in Article 272, paragraph (2) of the Act, is to be that the amount of Annual Insurance Premiums Collected (meaning the total amount of insurance premiums that have been collected or that it has been determined will be collected in a business year (if the amount of insurance premiums include an amount that already has been or that will be refunded, the amount after deducting such amount; the same applies in Article 38-4, item (ii)), reinsurance refunds, and any other amount specified by Cabinet Office Ordinance, less the total of the amounts of reinsurance premiums and cancellation refunds that have been paid or that it has been determined will be paid in the relevant business year) for the previous business year is five billion yen.

Article 38-2The amount specified by Cabinet Order, referred to in Article 272-4, paragraph (1), item (i), sub-item (a) of the Act, is to be three hundred million yen.

Article 38-3The amount specified by Cabinet Order, referred to in Article 272-4, paragraph (1), item (ii) of the Act, is to be ten million yen.

Article 38-4The amount specified by Cabinet Order, referred to in Article 272-5, paragraph (1) of the Act, is to be the amount specified in the following items, in accordance with the categories set forth in each of said items:

Article 38-5Where a Low-Cost and Short-Term Insurer concludes a contract as set forth in Article 272-5, paragraph (3) of the Act, it must have a Bank or other type of financial institution specified by Cabinet Office Ordinance as the other party thereto, and the terms and conditions thereunder must satisfy the following requirements:

Article 38-6(1)A person who holds the rights set forth in Article 272-5, paragraph (6) of the Act (hereinafter simply referred to as the "Rights" in this Article and the following Article) may file a petition for the fulfillment of those Rights with the Commissioner of the Financial Services Agency.

(2)Where a petition set forth in the preceding paragraph has been filed and where the Commissioner of the Financial Services Agency finds the petition to have reasonable grounds, said Commissioner must issue a public notice notifying persons who have a Right to the monies deposited pursuant to the provisions of Article 272-5, paragraph (1), (2), (4) or (8) of the Act that they must report their Rights within a fixed period of time not shorter than sixty days and that they will be excluded from the distribution process if they fail to report their Rights within that period, and said Commissioner must also notify the person who filed the petition under the preceding paragraph (hereinafter referred to as the "Petitioner" in the following paragraph and paragraph (4)) and the Low-Cost and Short-Term Insurer for which said deposit was made (where the Low-Cost and Short-Term Insurer has concluded a contract under Article 272-5, paragraph (3) of the Act, the counterparty to said contract is included; the same applies in paragraphs (4) and (5)) to that effect.

(3)Once the public notice under the preceding paragraph has been given, even in the event that the Petitioner withdraws a petition, this does not prevent the procedures for the fulfillment of the Rights from proceeding.

(4)The Commissioner of the Financial Services Agency must assess the Rights without delay after the period set forth in paragraph (2) has elapsed.In this case, the Commissioner of the Financial Services Agency must give public notice of the date and place and notify the Low-Cost and Short-Term Insurer of such information, in advance, and afford the Petitioner, any person who has reported their own Rights within the designated period, and the Low-Cost and Short-Term Insurer an opportunity to introduce evidence and to express their opinions as to the existence of the Rights and the amount of the claims secured by such Rights.

(5)The Commissioner of the Financial Services Agency, without delay, must prepare a distribution list based on the results of the assessment under the preceding paragraph, put such list on public notice, and must notify the Low-Cost and Short-Term Insurer thereof.

(6)Any distribution is to be implemented in accordance with the distribution list set forth in the preceding paragraph, after eighty days have elapsed since the public notice was given under the preceding paragraph.

(7)Where any securities have been deposited pursuant to the provisions of Article 272-5, paragraph (9) of the Act, and where it is necessary for fulfillment of the Rights, the Commissioner of the Financial Services Agency may realize such securities.In this case, the expenses incurred in relation to the realization of such securities are deducted from the proceeds of the realization.

Article 38-7(1)A person who has deposited monies pursuant to the provisions of Article 272-5, paragraph (10) of the Act (hereinafter referred to as the "Depositor" in the following paragraph) may, where any of the items of paragraph (10) of that Article applies, file a petition for the recovery of the deposit under that paragraph (hereinafter referred to as the "Recovery of the Deposit" in this Article) with the Commissioner of the Financial Services Agency; provided, however, that this does not apply to the period during which the procedures for fulfillment of the Rights under the preceding Article are still pending.

(2)Where the petition under the preceding paragraph has been filed, and where, in addition to the Depositor who has filed said petition, there is any other Depositor in connection to such deposit, the petition for the recovery of the deposit is deemed to have been filed by said other Depositor as well.

(3)Where a petition set forth in paragraph (1) has been filed, the Commissioner of the Financial Services Agency must issue a public notice notifying persons who have a Right to the deposited monies that they must report their Rights within a fixed period of time not shorter than sixty days and that they will be excluded from the distribution process if they fail to report their Rights within that period, and said Commissioner must also notify the party that formerly was the Low-Cost and Short-Term Insurer for which said deposit was made (where the relevant party has concluded a contract under Article 272-5, paragraph (3) of the Act, the counterparty to said contract is included) to that effect.

(4)Where no Rights have been reported within the period specified in the preceding paragraph, the Commissioner of the Financial Services Agency is to approve the Recovery of the Deposit.

(5)The provisions of paragraphs (4) to (6) inclusive of the preceding Article apply mutatis mutandis to where any Rights have been within the period specified in paragraph (3). In such case, the terms specified in the middle column of the following table as referred to in the provisions specified in the left column thereof are deemed to be replaced with the terms as respectively set forth in the right column thereof.

(6)Where any Rights have been reported within the period set forth in paragraph (3), the Commissioner of the Financial Services Agency is to approve Recovery of the Deposit, only to the extent of the amount remaining after completion of the procedures under paragraphs (4) to (6) inclusive of the preceding Article as applied mutatis mutandis pursuant to the preceding paragraphs, if any.

Article 38-8(1)Where a Low-Cost and Short-Term Insurer concludes a Low-Cost and Short-Term Insurers' Liability Insurance Contract as set forth in Article 272-6, paragraph (1) of the Act (hereinafter referred to as the "Liability Insurance Contract" in the following paragraph), it must have a Non-Life Insurance Company (including a Foreign Non-Life Insurance Company, etc. and also including an Underwriting Member of a corporation which has obtained a specified non-life insurance business license as referred to in Article 219, paragraph (5) of the Act; the same applies in Article 44, paragraph (1)) or any other party specified by Cabinet Office Ordinance as the other party thereto, and the terms and conditions thereunder must satisfy the following requirements:

(2)Where a Low-Cost and Short-Term Insurer has concluded a Liability Insurance Contract, the amount that the Prime Minister may approve as the portion of the deposit that it need not deposit under Article 272-6, paragraph (1) of the Act has as its limit the amount equivalent to the amount to be deposited less ten million yen.

Article 38-9(1)The amount specified by Cabinet Order, referred to in Article 272-13, paragraph (1) of the Act, is to be ten million yen per insured; provided, however, that where the insurance to be underwritten for the insured includes Low-Incidence Insurance (meaning insurance specified in Article 1-6, item (vi) that is designated by the Cabinet Office Ordinance as being projected to have an especially low incidence of insured events; hereinafter the same applies in this Article), and where the total amount of the insurance proceeds per insured for said Low-Incidence Insurance and the total amount of the insurance proceeds per insured for any insurance other than the Low-Incidence Insurance is not more than ten million yen, each, such amount is to be twenty million yen.

(2)In the case referred to in the preceding paragraph, the aggregate number of insured persons under a single Policyholder may not exceed one hundred, and the total amount of insurance proceeds per insured, categorized in accordance with the insurance set forth in each of the items of Article 1-6, does not exceed the amounts set forth in each of those items (where the insurance to be underwritten for the insured contains a Low-Incidence Insurance, item (vi) is excluded).

Article 38-10The reference, in the main clause of Article 100-3 of the Act as applied mutatis mutandis pursuant to Article 272-13, paragraph (2) of the Act, to a person to which the Low-Cost and Short-Term Insurer is specially related as specified by Cabinet Order means a person that is listed in the following items :

Article 38-11The insurance contracts specified by Cabinet Order, referred to in Article 135, paragraph (2) of the Act as applied mutatis mutandis pursuant to Article 272-29 of the Act, are to as follows:

Article 38-12The transactions and acts specified by Cabinet Order, referred to in Article 272-31, paragraph (1), item (iii) of the Act, are to as follows:

Article 38-13The transactions and acts specified by Cabinet Order, referred to in Article 272-35, paragraph (1), item (iii) of the Act, are to as follows:

Article 38-14The technical replacement of terms for applying the provisions of the Act to the Major Shareholder of a Foreign Low-Cost and Short-Term Insurer, etc. (meaning the Major Shareholder of a Foreign Low-Cost and Short-Term Insurer, etc. provided for in that Article) pursuant to the provisions of Article 272-41 of the Act, is to be as set forth in the following table:

Article 38-15Notwithstanding the provisions of Article 272-35, paragraph (2) of the Act, where a Specified Low-Cost and Short-Term Insurance Holding Company referred to in that paragraph is a foreign Holding Company whose Subsidiary Companies include a Low-Cost and Short-Term Insurer, such foreign Holding Company whose Subsidiary Companies include the Low-Cost and Short-Term Insurer, within six months from the end of the business year containing the day on which the grounds specified in that paragraph have occurred, is to notify the Commissioner of the Financial Services Agency of the particulars specified in that paragraph; provided, however, that where, due to laws and regulations or practices of its own State (meaning the State that has enacted the laws and regulations governing the incorporation of the foreign Holding Company whose Subsidiary Companies include the relevant Low-Cost and Short-Term Insurer) that are applicable to its business accounting books or for any other justifiable reason, it is unable to file the relevant notification within the six-month period, the Due Date may be extended, subject to approval by the Commissioner of the Financial Services Agency.