①With regard to the application of Article 40, paragraph (2) of the Act on Securing Compensation for Automobile Accidents as Amended in the case where the government insures, pursuant to that paragraph, the mutual insurance liabilities, mutual reinsurance liabilities or mutual retrocession liabilities borne by an agricultural cooperative, etc., until the day on which ten years have passed from the Effective Date, the phrase "motorized bicycle" in that paragraph is deemed to be replaced with "light motor vehicle and motorized bicycle".

②In the case of applying the provisions of Article 40, paragraph (2) and Article 50 of the Act on Securing Compensation for Automobile Accidents as Amended to the mutual insurance liabilities, mutual reinsurance liabilities or mutual retrocession liabilities that an agricultural cooperative, etc. bears under contracts for mutual liability insurance, mutual reinsurance agreements or mutual retrocession agreements concerning light motor vehicles, those provisions apply to the mutual insurance liabilities, mutual reinsurance liabilities or mutual retrocession liabilities relating to the contracts for the mutual liability insurance concerned that are concluded on or after the day on which ten years have passed from the Effective Date.