Schedule No. (4)
Short Rate Schedule - Percentages of Recoverable Premium
| Policy Validity Period | Recoverable Premium |
|---|---|
| A period not exceeding one month | 80% |
| A period exceeding one month and not exceeding four months | 70% |
| A period exceeding four months and not exceeding six months | 50% |
| A period exceeding six months and not exceeding ten months | 30% |
| A period exceeding ten months | Nil |